Sensex up 10.6% in 7-session pre-Diwali rally, best in 35 yrs
The Indian stock market experienced a historic pre-Diwali rally, with the Sensex gaining 10.6% over seven sessions, marking its best performance in 35 years. This surge was driven by significant foreign portfolio investment despite global market volatility.
Why it matters
The rally reflects strong investor confidence in the Indian economy and policy stability, contrasting with broader global market trends.
Gains 1,781 points fri even as US market, AI stocks crashMUMBAI: In one of the best weekly gains in recent times, sensex closed over 8.8% up as foreign funds came back to buy Indian stocks, as the US midterm polls raised hopes of policy stability, and also of a diplomatic resolution to the war in West Asia, which pulled down crude prices by about 20% in less than two weeks.
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