In a historic move, India's benchmark Sensex soared past 70,000, and Nifty crossed 21,000 for the first time, riding the momentum of a bullish market. This surge came after the Reserve Bank of India (RBI) raised its growth forecast and maintained policy rates.
Despite minor corrections, Sensex reached 69,958.13 points, while Nifty touched 20,984.65 points. Analysts suggest the market rally, driven by factors like foreign institutional investments, robust domestic flows, enthusiastic retail investors, and a thriving IPO market, is likely to continue, even with high valuations. Notably, the Bank Nifty outperforming the Nifty signals a significant trend in the market's favor.