The stock markets are on a high on Monday. The S&P Sensex touched a record high of 39,017, rising by over 300 points. ICICI Bank, Infosys, L&T, TCS and HDFC Bank performed super well.
For the Nifty50, it crossed the 11,710-mark.
The reasons for the high performance are two-fold: Markets are expecting the RBI to cut interest rates, and the global scenario is looking up on the back of possible improvement in China-US trade ties. Gobal sentiment has its effects on the Indian market from time to time.
There is also a feeling that political stability and policy continuity is assured if the Narendra Modi government is voted back to power in May.
The ongoing war tensions in Middle Eastern countries have severely impacted international air travel.
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