Stock markets will reopen for trading on Thursday after a two-day Diwali break, with investors eyeing whether the festive momentum and renewed optimism can lift benchmark indices, the Sensex and Nifty, to new record highs.
Gift Nifty futures were trading at 26,260 points as of 7:40 a.m., indicating a strong start for the Nifty 50. This points to an opening above Tuesday’s one-year high close of 25,868.6 and close to its all-time peak of 26,277.35.
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Both the Sensex and Nifty have rallied about 3% in the past five sessions, supported by firm earnings from leading banks and large companies such as Reliance Industries. Analysts say positive investor sentiment, boosted by festive season demand, tax reliefs, and a favourable policy environment, co
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