This morning saw the opening of new record highs on the Indian stock markets. With a gain of 1026 points, the Sensex is currently trading at 68,507, while the Nifty is up 309 points at 20,577. The demonstration was assisted by the BJP’s triumph in significant state elections. The rupee is now valued at 83.32 USD. Gold reached a record high and oil prices increased as investors monitored geopolitical developments in the Middle East.
Moreover, a rise in foreign investor inflows, a fall in US bond yields, strong GDP growth, and expectations of no more rate hikes have also aided the gains.