Why are Sensex and Nifty trading near record highs?

Sensex and Nifty are near record highs due to investor optimism driven by anticipated interest rate cuts from the RBI and global central banks.

What is the significance of the RBI's December meeting?

The RBI's Monetary Policy Committee meeting in December is crucial as markets expect a potential interest rate cut to stimulate economic growth.

How are global markets influencing the Indian stock market?

Global markets are positively influencing Indian stocks as statements from US Federal Reserve officials hint at upcoming rate cuts, boosting investor confidence worldwide.

Home / Business and Economy / Sensex, Nifty Near Record Highs Amid Rate Cut Hopes

Sensex, Nifty Near Record Highs Amid Rate Cut Hopes

27 Nov

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Summary

Sensex and Nifty are trading close to their all-time high levels.
Rate cut hopes from RBI and global markets are driving the rally.
Global markets also saw significant gains on Fed rate cut expectations.

Sensex, Nifty Near Record Highs Amid Rate Cut Hopes

Indian equity benchmarks, the BSE Sensex and NSE Nifty, are experiencing a robust rally, trading at levels near their all-time highs. The 30-stock Sensex reached an intraday high of 85,468, just over 500 points shy of its record, while the 50-stock Nifty hit 26,161, narrowly missing its peak. This surge is attributed to several factors, including anticipated interest rate cuts by the Reserve Bank of India and positive global market trends.

The optimism in domestic markets is bolstered by expectations of monetary easing. Investors are closely watching the RBI's Monetary Policy Committee meeting in December, as Governor Sanjay Malhotra indicated scope for further rate cuts to spur economic growth. Concurrently, global markets have shown significant upward movement, driven by indications from US Federal Reserve officials suggesting a potential rate cut in the near future.