Nifty and Sensex close higher, surpassing levels of 18,500 and 62,800 respectively! Nifty and Sensex close higher, surpassing levels of 18,500 and 62,800 respectively! Following a weekend agreement by US President Joe Biden and congressional Republican Kevin McCarthy to suspend the government's debt ceiling, Asian shares and US stock futures experienced an uptick. This deal brings an end to a months-long stalemate and alleviates concerns among investors. Siddharth Mane / Monday, May 29, 2023 0 901 Article rating: 4.3 Stocks rallied on Friday as traders grew hopeful of a US debt ceiling deal, avoiding a default. The Dow Jones climbed 1 per cent to 33,093.34, the S&P 500 gained 1.3 per cent to 4,205.45, and the Nasdaq Composite advanced 2.2 per cent to 12,975.69. Read more