Market Mood Turns Optimistic

The pause in interest rate hike, optimism sparked by stronger economic data and a sizeable FII inflow were some of the main drivers behind the market rally

The pause in interest rate hike, optimism sparked by stronger economic data and a sizeable FII inflow were some of the main drivers behind the market rally .

The Indian benchmark indices have exhibited a strong performance over the past two weeks, posting back-toback gains in each of the sessions. The BSE Sensex consequently enjoyed a much-needed rally and soared 2.24 per cent, while the Nifty 50 gained 2.47 per cent over the fortnight. A considerable buying interest was also witnessed in the broader markets. The BSE Mid-Cap index gained in line with the main indices, while the BSE SmallCap index outperformed, climbing 3.22 per cent. Optimism brought on by stronger economic data and a significant FII inflow were some of the main drivers of the rally.