Sensex, Nifty Jump 1% to Hit All-time Highs: What's Driving the Rally
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BSE Sensex breached 84,000 for the first time, hitting 84,248.69; Nifty reached 25,726.65; combined market cap rose by Rs 4 lakh crore to Rs 469.5 lakh crore; US Federal Reserve initiated monetary easing; Dow Jones closed above 42,000; US jobless claims dropped to lowest since May; Indian economy projected to grow 6.7% annually until 2030-31; Nifty expected to trade between 25,000-26,000; banking stocks led by ICICI Bank, HDFC Bank, and Kotak Mahindra Bank; FOMC suggests further rate cuts; analysts predict sectoral rotation.

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https://www.outlookbusiness.com/markets/sensex-nifty-jump-1-to-hit-all-time-highs-whats-driving-the-rally