Nifty, Sensex Hit Record Highs: 6 Key Factors Drive Market Rally

Business
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Moneycontrol•02-01-2026, 17:13
Nifty, Sensex Hit Record Highs: 6 Key Factors Drive Market Rally
- •Sensex climbed 573.41 points to 85,762.01, while Nifty surged 182 points to a record 26,328.55, hitting an all-time peak of 26,340.
- •Positive global cues from Asian markets and higher US futures fueled the rally.
- •Strong buying in large-cap stocks, banking, and auto sectors, with Bank Nifty and Nifty Auto indices reaching new highs.
- •Steady purchases by Domestic Institutional Investors (DIIs) provided crucial market support.
- •The rupee appreciated by 6 paise to 89.92 against the US dollar, adding to positive sentiment.
Why It Matters: Indian markets scaled new peaks, propelled by global optimism, DII buying, and strong performance in key sectors.
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