On August 26, 2024, Indian benchmark indices surged as Nifty reclaimed the 25,000 mark and Sensex soared 635 points, driven by positive investor sentiment following US Fed Chair Jerome Powell's dovish remarks. Powell suggested potential rate cuts next month, which boosted market optimism.
At 10:45 am IST, Sensex was up 0.78% at 81,721.67, while Nifty rose 0.75% to 25,010.60. Bharat Electronics and Trent saw notable gains after their inclusion in the Nifty 50 index. The market's focus will now be on upcoming inflation and employment data to confirm any Fed rate decisions.