Stock market today, Sept. 18 -- Benchmark indices Sensex and Nifty 50 commenced trading on a strong note on Thursday, driven by advancements in IT stocks following the US Federal Reserve's decision to lower its key interest rate by 25 basis points and hint at the potential for two more rate cuts this year. By 12:00 IST, the 30-share Sensex surged 300 points to reach 82,993.29. The Nifty 50 increased by 90 points, landing at 25,418 . 85.

Both benchmark indices experienced significant gains at the start, influenced by favorable global signals and optimism stemming from the Fed's accommodating stance. Analysts observed that the rate cut was anticipated, and this action is perceived as beneficial for emerging markets, although it may take a ...