Sensex, Nifty scale record highs on rate cut hopes

Benchmark stock indices Sensex and Nifty scaled fresh lifetime highs in intra-day trade on Thursday before closing marginally higher amid positive global trends on growing hopes of a US Fed rate cut and foreign fund inflows.Photograph: ANI PhotoRising for the second day, the 30-share BSE Sensex climbed 110.87 points or 0.13 per cent to settle at 85,720.38.During the day, it hit a record high of 86,055.86, reflecting a jump of 446.35 points or 0.52 per cent. The earlier lifetime high of the benchmark was 85, ...