Sensex ends at record high, eyes 60,000: 3 factors behind the rally

The sentiment remained robust in the broader markets too as the BSE Midcap touched new high in intra-day session and ended 1.31 per cent higher

The US Federal Reserve's comment that it may start tapering as soon as November failed to perturb the benchmark indices on Thursday, suggesting a strong bullish undercurrent. Further, receding concerns on Evengrande crisis also supported the sentiment. Reduction in covid cases and the strong vaccination numbers along with improvement in economic activity and the optimism around the capex cycle revival also boosted sentiments.

Amid this backdrop, the domestic benchmark indices logged strong triple-digit returns, with the BSE Sensex ending close to the 60,000 mark at 59,885, up 958 points. Meanwhile, the NSE Nifty settled today's trade 276 points higher at