Indian Stock Market Hit Historic Highs; BSE Sensex Crosses 70,000 Levels for the First Time

Indian stock market indices surged to fresh all-time highs, breaching the 70,000 level for the first time. The bullish momentum was attributed to the US Federal Reserve's announcement signaling the end of its tightening cycle and adopting a dovish stance on the interest rate outlook. This news brought about a wave of optimism among investors, leading to gains across all sectors.

As of 10 am, the BSE Sensex was trading at an impressive 70,485, marking a substantial gain of 900 points. Simultaneously, the Nifty50 also witnessed a robust uptrend, trading at 21,177 with a gain of 251 points. However, current figures indicate a slight adjustment, with the BSE Sensex now trading at 70,491.49, reflecting a positive change of 906.89 points or 1.30%. The Nifty 50 is trading at 21,177.70 levels, showing a positive change of 251.35 points or 1.20%.

The milestone breach of the 70,000 level by the BSE Sensex is a historic moment for the Indian stock market. The positive market sentiment is not limited to a particular sector, as gains have been witnessed across the board.