Record high coming? Sensex rises 567 points, Nifty above 25,950: 5 factors driving market rally
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India’s equity benchmarks, the Sensex and Nifty, climbed sharply on Monday as softer-than-expected U.S. inflation data bolstered bets for additional Federal Reserve rate cuts in 2025 and signs of progress in U.S.-China trade talks, among other factors lifted investor mood. The S&P BSE Sensex advanced over 700 points to an intraday high of 84,932.08, while the NSE Nifty 50 rose over 200 points to a day’s high of 26,005.95. The Nifty index is now just 1% away from its all-time high of 26,277.35, while the Sensex sits 1.2% below its record peak of 85,978.25. The Sensex settled 567 points higher at 84,778.84, while the Nifty ended 171 points up at 25,966.05. Here are the five factors driving Monday’s rally: 1. Hopes of Fed rate cuts Softer-than-expected September U.S. inflation data has reinforced expectations for additional Federal Reserve rate cuts in 2025. U.S. consumer price inflation eased last month, strengthening hopes that the Fed...