The Indian stock market has witnessed a spectacular post-Diwali surge, delivering a bumper gift to investors. The Nifty 50 created a new record by crossing the 26,000 mark for the first time in two years, while the Sensex also reportedly jumped by over 800 points.
The Nifty 50 has achieved a milestone, scaling the 26,000 level for the first time since September of last year. Simultaneously, the Sensex has also risen by 800 points. This robust trading performance is attributed to the anticipation of a potential international trade deal between India and the United States. Economic experts suggest that the expectations surrounding a US-India trade agreement are a key factor driving this positive market sentiment.
The trading session started strongly, with the Nifty rising by 127.95 points around 10:15 AM. Surpassing its previous high of 26,057.20 achieved in September last year, the index touched a new peak. The BSE Sensex also jumped by over 800 points to hit an all-time high of 85,223.85. Fastrack Women Silicone Trendies Analog Pink Dial Watch-68015Pp03/Np68015Pp03, Band Color-Pink
This strong surge has cheered stock buyers and foreign institutional investors (FIIs), resulting in a blockbuster rally for the stock market indices immediately after the Diwali break. The optimistic outlook fueled by the hopeful India-US trade deal and the recovery in the value of the Rupee against the US Dollar are being seen as major catalysts for the market's rapid ascent. Also Read: Weather Department Predicts More Rain for Bengaluru as City Enjoys Cool Clime!