Indian benchmark indexes Sensex and Nifty reached historic highs due to strong macroeconomic data and US rate cut predictions. Investors actively follow the market’s response to economic and political issues.
India’s major indices opened at record highs, with the Sensex up nearly 200 points. The Nifty also reached 20,700 points, showing strength. The optimistic trend follows strong domestic macroeconomic data and rising prospects of a March US rate cut.
At 9:16 a.m. IST, NSE Nifty 50 index rose 1.65% to 20,602.50 points, a record high for the second straight session. S&P BSE Sensex hit record high of 68,587.82, up 1.64%. Investors watch market reactions to economic and political events.
The country’s main index, the Sensex, exceeded 69,000 points, marking a financial milestone. This rise came after markets achieved record highs for the second session. Strong macroeconomic data, prospects of a March U.S. rate cut, and BJP victories in Madhya Pradesh, Rajasthan, and Chhattisgarh have increased momentum. Investors monitor economic and political trends that affect markets.
Conclusion
The Sensex and Nifty reached historic highs, with the Sensex rising over 200 points and the Nifty crossing 20,700 points. This positive trend is fueled by strong domestic macroeconomic data and March US rate drop predictions. NSE Nifty 50 climbed 1.65% to 20,602.50 points, while S&P BSE Sensex hit an all-time high of 68,587.82. As the Sensex and Nifty rise, investors are watching the market’s reaction to economic and political issues.
