The Indian benchmark indices clocked record highs in Monday's session, spurred by clarity over the outcome of the US presidential elections. In intra-day deals, the S&P BSE Sensex and Nifty50 index rose as high as 42,566.34 and 12,451.80, respectively, surpassing the previous highs recorded in January, 2020. A large part of the rally over the last few sessions has been on account of a surge in bank stocks.
Going ahead, analysts expect the US dollar to weaken, oil prices to moderate, and interest rates to remain low under US president-elect Joe Biden's administration, providing a tailwind for domestic equities. Many

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