Surfing The High Tide
Despite talks of a longawaited market correction, the markets surprised everyone with a record 13-day winning streak, driven by global strength following the US Federal Reserve’s positive remarks at potential interest rate cuts, renewed investor optimism, and strong buying by foreign institutional investors (FIIs). The Indian benchmark indices, BSE Sensex and Nifty 50, posted gains of 2.4 per cent and 2.83 per cent, respectively, reaching new record highs on the bourses.