Wall Street romped to records as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates.

The Federal Reserve's closely followed overnight reverse-repo facility already has begun to reflect Wednesday's big interest-rate cut. Wall Street firms rushed to park extra cash overnight at the facility in the wake of the pandemic,

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 25,415.80, while Sensex ended at 83,184.80. Overnight, Wall Street indices witnessed gains, with S&P 500 and Dow Jones closing at record high levels.