Markets Witness a Rainbow Time

The Indian equity benchmark indices have been reaching new heights day after day, reminiscent of Sunny Deol’s famous courtroom cry “tarikh pe tarikh!” Only this time, it’s “high pe high!” Investors are witnessing a relentless surge, with each trading day showcasing sector rotation and the support of index heavyweights. The BSE Sensex has crossed the 81,000 mark for the first time, and Nifty has surpassed the 24,800 mark for the first time. So, what has worked in favour of the markets over the last week? One of the reasons can be the optimism surrounding the thought that the Federal Reserve will start cutting interest rates at its September meeting.