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Fed Chair Jerome Powell's remarks over the unlikelihood of more rate hikes eased concerns across global markets, there by lifting sentiment for stocks.
Even though some jitters persisted ahead of the FOMC meet, analysts remain positive of the bullish momentum taking the Nifty and Sensex to fresh record highs in the coming sessions.
The Nifty Auto index hit an all-time high of 22,634.05, led by gains in M&M and Bajaj Auto.The Nifty Realty index was up over a percent.
This week, market participants will keenly track US Federal Reserve's policy decision and its stance on rate cut trajectory. This will further shape market movements in the near-term, believe analysts
Analysts expect the bullish bias to take the Nifty towards new highs in the coming sessions and suggest investors buy the dip