Indian markets continue to surge as Sensex and Nifty 50 achieve fresh all-time highs for the second consecutive day. The Nifty 50 and Sensex recorded new peaks at 21,759.05 and 72,406.75, respectively.
While mid and small-caps gained previously, investor money is shifting to large-caps for valuation comfort. Factors like robust domestic macro data, cooling US inflation, rate cut expectations, and FPI investments contribute to the bullish trend.
Analysts suggest risk-averse investors may consider booking profits due to inflated valuations and increased market volatility, providing a potential entry point on dips.