Sensex Today | Share Market Live Updates: India’s benchmark indexes ended at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a US rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party’s victory in key state elections.

US stocks and bonds rallied Friday as Powell noted policy is “well into restrictive territory,” though is ready to hike further if needed. The dollar slid, two-year Treasury yields sank to their lowest since June and traders ratcheted bets on a quarter-point Fed cut in March, with swaps fully pricing in a reduction in May. They project over a full point of easing by December 2024.

Equities markets went on a tear last month as investors increasingly bet that the Fed will begin to cut rates in the first half of 2024, thanks to a string of data suggesting its tightening cycle is finally getting inflation under control.

Oil rose while gold traded at a record level as investors kept watch on geopolitical tensions in the Middle East. Israel has resumed its military operation in Gaza, a US warship was attacked in the Red Sea and Houthi rebels in Yemen said they had carried out operations against two Israeli ships.

India’s benchmark indexes ended at fresh all-time highs on Monday, aided by strong domestic macroeconomic data and elevated bets of a US rate cut in March, while analysts saw momentum picking up in the ongoing rally after the ruling Bharatiya Janata Party’s victory in key state elections.

The Nifty closed at 20,686.80, up 419 points, while the Sensex added 1,384 points to end at 68,865.12.