Market Update at 12:30 PM: Indian equity benchmarks opened higher on Thursday after the US Federal Reserve announced a rate cut of 25 basis points, lowering its policy rate to the range of 4–4.25 per cent. The move boosted global investor sentiment, leading to gains across Large-Cap and Mid-Cap indices.

The BSE Sensex opened 415.21 points higher at 83,108.92, reclaiming the 83,000 mark. The index later traded at 82,975, up 282 points or 0.34 per cent by 12:00 PM. Similarly, the NSE Nifty50 opened 110.8 points higher at 25,441.05 and was seen trading at 25,415, up 85.30 points or 0.34 per cent.

On the BSE, Infosys, HCLTech and Tech Mahindra were the Top Gainers , reflecting renewed buying in IT stocks after recent Quarterly Results showed resilience in earnings

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