Sensex and Nifty opened higher on Thursday, led by IT stocks, after the US Federal Reserve cut rates by 25 basis points. Market sentiment improved on expectations of further rate cuts, earnings revival, and positive India-US trade negotiations.

Mumbai: Benchmark indices Sensex and Nifty started the trade on a buoyant note on Thursday propelled by buying in IT stocks after the US Federal Reserve cut its key interest rate by 25 basis points and signalled the possibility of two additional rate reduction this year.

The 30-share BSE Sensex rallied 447.5 points to 83,141.21 in early trade. The 50-share NSE Nifty climbed 118.7 points to 25,448.95.

From the Sensex firms, Infosys, HCL Tech, Tech Mahindra, HDFC Bank, Sun Pharma and Tata Motors were among the major gainers.

However, Bajaj Financ

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