Sensex rallies over 500 points today
The Indian stock market, represented by the Sensex and Nifty, is witnessing a positive trend, gaining over 7% in December.
Factors contributing to this surge include hopes of US rate cuts due to cooling inflation, a robust growth outlook for the Indian economy, strong foreign portfolio investment (FPI) buying, the active participation of retail investors, and a shift of money towards large-cap stocks for better valuation.
The Sensex, as of December 26, has risen by 17.3% in 2023. The market's resilience and positive sentiment are driven by a combination of domestic and global economic factors.
