BENGALURU (Reuters) -India’s benchmark indexes opened at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a U.S. rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party’s (BJP) victory in key state elections.
The NSE Nifty 50 index rose 1.65% to 20,602.50 points, notching a record high for second session in a row. The S&P BSE Sensex was up 1.64% to an all-time high of 68,587.82, as of 9:16 a.m. IST.
(Reporting by Bharath Rajeswaran; Editing by Dhanya Ann Thoppil)
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Source: The Print
