Optimism surrounding a potential interest rate cut by the US Federal Reserve has fuelled a powerful rebound on Dalal Street, sending India’s benchmark indices higher. Both the BSE Sensex and the NSE Nifty 50 rose more than 1%, powered by a broad-based rally across sectors, especially financials, metals and IT. The easing global liquidity outlook, coupled with declining crude prices and renewed foreign investor interest, has sent market capitalisation soaring.