September 20, 2024 12:20 PM

Sensex breaches 84,000 mark for the first time; rises 1,000 points in just eight days

The BSE Sensex crossed the 84,000 mark for the first time on Friday, gaining 1,000 points in just eight days after touching 83,000 on September 12. Market experts attribute this strong rally in Indian markets to heightened investor optimism, spurred by expectations of a potential rate cut by the Reserve Bank of India (RBI) in response to the U.S. Federal Reserve’s larger-than-expected rate cut. Analysts suggest the Fed’s decision has increased liquidity flowing into emerging markets like I...