BSE Sensex and NSE Nifty50 – opened on Thursday at record highs, with both indices up 1% from the previous session's closing, following the Federal Reserve's decision to lower interest rates by 50 basis points (bps).

All 13 sectoral indices were in the green following the 50 basis point rate cut by the US Fed. While Nifty IT rose 1.6 percent, Nifty Bank was up by a percent in early trade.

Benchmark equity indices Sensex and Nifty surged to their fresh record high levels in early trade on Thursday after the US Federal Reserve cut its benchmark interest rate after more than four years.