Sensex, Nifty hit record highs as FIIs go on buying spree
The Indian stock market just hit fresh highs—Sensex jumped to 85,915 and Nifty reached 26,295—thanks to a wave of buying from Foreign Institutional Investors (FIIs) and growing hopes for a US interest rate cut and expectations surrounding the upcoming RBI policy review in India.
This upbeat mood meant investors were putting money across different sectors.
What's driving the buzz?
FIIs bought over ₹4,700 crore worth of shares on Wednesday alone, keeping up a strong buying streak that's fueling the rally.
Top performers included Bajaj Finance, Shriram Finance, and Asian Paints—all up around 2%.
Investors are also watching out for possible rate cut news from the US Federal Reserve in December and the upcoming RBI policy review, which could shape where things go next.