Sensex ends at record closing high; Nifty settles May F&O expiry above 9500

The broader market snapped six-session long losing streak to gain 1.4% and 2%, respectively

The S&P BSE Sensex ended at record closing high on Thursday as traders seemed to have covered most of their short positions as the May series of derivative contracts expired today. 

World stocks hitting their record highs after the US Federal Reserve signalled a more cautious approach to future rate hikes, also contributed to the gains. 

The S&P BSE Sensex ended at 30,750, up 448 points, while the broader Nifty50 settled at 9,501, up 141 points. In intraday trade, the 30-share Sensex rallied as much as  492 points to 30,793, while the 50-share Nifty gained 163 points to 9,523, just