Sensex, Nifty Rise Nearly 1% on Fed Rate Cut Hopes and Global Strength

Indian markets surged on October 15, with Sensex up 530 points to 82,560 and Nifty rising 166 points to 25,312,(at the time of posting) driven by expectations of a US Fed rate cut. Gains in

Nestle, Jio Financial, and Asian Paints, easing volatility, stronger rupee, lower crude prices, and firm global cues boosted investor sentiment.