The Sensex rallied by 491 points and closed at 71,848, driven by foreign fund buying despite a weak overnight close for Wall Street stocks. Banking & financial stocks contributed the most to the gain. Minutes of the US Fed’s last meeting indicating rate cuts in 2024 cheered local investors. The market rebounded from its two-day fall, led by a rally in real estate stocks.
India has become a positive example in a world struggling with economic challenges, as China faces difficulties and the West grapples with recession.
