Nifty 50 set to break records—here's what's happening
India's Nifty 50 index is gearing up for a new all-time high, with futures already topping last year's record.
The Nifty posted its best session in five months on Wednesday, closing at a 14-month high, and the market is buzzing.
Why does this matter?
Big money is flowing in from both foreign and local investors. Just on Wednesday, foreign investors put in ₹4,778 crore—the most in a month—and domestic institutions added another ₹6,248 crore.
This kind of buying usually means people are feeling confident about where things are headed.
What's behind the rally?
Everyone's watching for possible interest rate cuts from the RBI and US Federal Reserve next month.
Lower rates could make borrowing cheaper and boost profits, especially for IT and financial companies.
Hopes for peace talks in the Russia-Ukraine conflict are also helping keep market vibes positive.