India’s Nifty, Sensex hit new highs as Fed-driven global rally extends

BENGALURU (Reuters) – India’s benchmark Nifty 50 and Sensex indexes opened at a new all-time high on Friday, tracking the global stocks rally on elevated bets of a U.S. rate cut by March 2024, after the Federal Reserve’s policy meeting earlier this week.

The NSE Nifty 50 index rose 0.45% to 21,279.25 points, while the S&P added 0.44% to 70,821.30, as of 9:16 a.m. IST.