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Powell’s rate cut hint fuels 612-point Sensex rally, market cap swells by Rs 2.3 lakh crore
The stock market rallied, pushing the Sensex up by 612 points and the Nifty above the 25,000 mark. This surge was primarily fueled by strong performances in the financial and IT sectors, with major players like HDFC Bank, Reliance, ICICI Bank, NTPC, HCL Tech, Infosys, and TCS leading the charge. However, some stocks like Adani Ports, Maruti, Kotak Bank, and Nestle India saw declines.