Sensex reaches a new high of 62,528.38

The Sensex index reaches a new high of 62,556.28; the NSE Nifty-50 index rises 66.40 points, or 0.36 percent, to 18,579.85, not far from its previous high of 18604.45 in October last year. On Friday, both benchmarks closed at new all-time highs for the second day in a row.

The rise in domestic stocks was largely driven by solid capital inflows on expectations that the US Federal Reserve will slow the pace of future rate hikes next month, as well as easing inflation concerns. A Day After Closing at a Record High Of 62,272.68.

The Sensex Drops 45 Points in Early Trade, Ending A Four-Day Winning Streak. MSCI’s Asia-Pacific equity index outside Japan was down 0.6% after US stocks ended Friday with minor losses.

Chinese markets fell as protests erupted across the country. Because of an increase in infections, a growing number of cities, including those with large populations, have imposed severe restrictions on movement. Growth will be hampered by the constraints, which appear to be here to stay. Because of the low vaccination rate among the elderly, the exit is likely to be slow and possibly disorderly.