Tata Consultancy Services triggers bull rampage, Sensex, Nifty rally to record highs at close

A strong first quarter from Tata Consultancy Services (TCS) and growing optimism about a US Fed rate cut in September lifted the benchmark indices to record highs at close.

The 30-share Sensex rallied 622 points or 0.78 per cent to end at 80519.34. During the day, it jumped over 996 points or 1.24 per cent to touch an all-time high of 80893.51.

On the NSE, the Nifty zoomed 186.20 points or 0.77 per cent to settle at 24502.15 after rising 276.25 points to hit a peak of 24592.20.