Sensex logs best pre-Diwali run in 35 years, ₹49,500cr inflows
Business
The Sensex just pulled off its best pre-Diwali run in 35 years, jumping 10.6% in a single week and closing above the 80,000 mark on Friday.
What sparked this? A wave of foreign investors brought in nearly ₹49,500 crore (about $5.2 billion), drawn by positive global vibes and a sense that things are looking up for Indian stocks.
Nifty gains 8.6% breaks 25,000
Steady US policies after midterm elections and easing tensions in West Asia helped calm markets, even causing oil prices to drop by 20% in less than two weeks.
The Nifty also joined the party, climbing 8.6% to break past 25,000 points for the first time after more than nine months, showing investors are feeling pretty optimistic despite all the global ups and downs lately.