Share Market Soars: Sensex Jumps 650 Points on FII Return, Global Cues

• Indian stock markets witnessed a strong rally for the second consecutive day, with Sensex surging 650 points and Nifty crossing 26,150.
• Foreign Institutional Investors (FIIs) returned after 14 days of selling, buying shares worth ₹1,830.89 crore.
• Expectations of US Federal Reserve interest rate cuts and strong global market cues boosted investor sentiment.
• The Indian Rupee strengthened to 89.45 against the dollar, and IT stocks saw sharp buying, driving the Nifty IT index up 1.2%.
• RBI's December policy meeting minutes hinted at potential future rate cuts, further supporting market optimism.

Why It Matters: Indian markets surged due to FII return, global optimism, US rate cut hopes, and strong IT sector performance.