Bulls take Sensex close to 60,000 as investor sentiment gets huge boost

Many expect the Sensex to go past 60,000 and the Nifty to top 18,000 in the next few sessions

India’s benchmark indices notched new highs on Thursday after investor sentiment got a boost from the US Federal Reserve’s dovish commentary.

The Sensex ended the session at 59,885 with a gain of 958 points, or 1.6 per cent. In intra-day trade, the index hit 59,957, just 43 points shy of the psychological 60,000 mark. The Nifty, on the other hand, rose 276 points to close at 17,823.

Most global markets had shed gains this week amid concerns about potential risk spillover from Evergrande’s debt crunch and the outcome of the Fed meeting. However, investors once again increased their risky bets following some