The Sensex and Nifty extended gains for the second week, buoyed by global and domestic policy optimism.
Investors are betting on a U.S. Federal Reserve rate cut following soft inflation and jobs data.
Domestically, the Indian government’s recent tax cuts on hundreds of consumer goods lifted senti
ment.
The Nifty 50 notched its eighth consecutive daily gain, the longest winning streak in over a year.
The Sensex too advanced, reflecting both strong foreign interest and resilient domestic flows.
Analysts say consumption-linked stocks are benefitting most from the combined global-domestic triggers.
Foreign funds remain cautious but are watching closely for confirmation of Fed easing.
The strong momentum suggests investors are willing to look past global trade and tarif
f concerns.
Broader market participation indicates optimism beyond just afew index heavyweights.
If Fed and RBI policy align, India’s equity rally could extend further into the fest
ive season.