All sectoral indices ended in positive territory, with metals and autos leading the gains. ICICI Bank recorded its largest single-day gain since April, rising more than 4%.

This trend has supported the Sensex and the Nifty 50 with the Nifty Bank index rising by a percent to hit a fresh record high of 53,559.35. Stocks such as ICICI Bank and HDFC Bank rose up to 2%. Additionally,

Sensex and Nifty hit fresh peaks on September 20. Take a look at all the factors leading the rally in the Indian market.

Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.

The S P BSE Sensex was up 415.45 points at 83,600.25 at 10:16 am, while the NSE Nifty50 gained 135.80 points to trade at 25,550.90.

Nifty and Sensex opened strong following a global market surge after the US Federal Reserve's interest rate cut.