D-Street richer by Rs 2 lakh crore as Sensex jumps 600 points: 5 key factors
“The driving force behind the ongoing rally is the strength of the US economy which is indicating a lower probability of an immediate US recession and, more importantly, indications that inflation is plateauing and might show a declining trend soon. This might enable the Fed to slightly moderate their hawkish stance,” said Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
