Record high coming? Sensex surges over 700 points, Nifty crosses 26,000: 5 factors driving market rally
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.Here are the five factors driving Monday’s rally:1. Hopes of Fed rate cutsSofter-than-expected September U.S. inflation data has reinforced expectations for additional Federal Reserve rate cuts in 2025. U.S. consumer price i ...