The Indian stock market hits record highs, with Sensex soaring 1,106.6 points and Nifty jumping 334.6 points, marking a fifth consecutive session of gains.
The BJP's triumphant win in 3 of 5 state elections boosts investor confidence, anticipating political stability. Foreign investor inflows, a decline in US bond yields, robust GDP growth at 7.6%, and optimism for no more rate hikes contribute to the market rally.
Additionally, positive global cues, including a bullish trend in global markets, enhance the optimistic outlook. Experts foresee continued exuberance, but high valuations may trigger some selling in the near term.