In today's stock market, Indian indices surged as Sensex jumped over 700 points, closing at 65,675.93, and Nifty 50 ended above 19,600 at 19,675.45. The rally was led by positive global cues and lower US inflation data, suggesting a potential end to the rate-hiking cycle.
Bond yields eased, reducing selling pressure from foreign institutional investors. All sectoral indices finished in the green, with Nifty Realty, IT, and Auto leading.
The robust upward movement indicates bullish sentiment, and experts foresee a test of Nifty's all-time high at 19,992, emphasizing support at 19,375.