Sensex at record high: What’s driving India’s stock market

Indian bulls run on Dalal Street as sensex reaches mount 70K, fueled by growth projections, assembly elections, and improving inflation outlook. The NSE nifty crosses 21K mark but closes below, at 20,997 points. Sensex takes 549 sessions to reach 70K milestone, fastest 10K milestone achieved in 166 days. Indian market benefits from strong fundamentals, robust growth in tax collections, stable currency, high forex reserves, and low-interest rates. Domestic mutual funds emerge as the counterbalance to foreign funds, pumping in Rs 4 lakh crore.