Sonia hitting record highs has interestingly become a norm for the markets. For the last one week, markets hit a record high for the fifth straight session and one of the reasons behind back surge. Our foreign investors coming back but more on that later. Sensex has gained 185 points and ended at 63,280 for while Nifty gained 50 for points and ended at 18,812. With this rally, markets have gained almost 4% in the last one month and investors have gained 4.9 lakh crore of wealth in a week. Now, one of the sources of that surge our foreign portfolio investments, foreign investors have turned net buyers in Indian markets for the first time after two months. In both September and October, investors were taking money out of Indian markets. They were do lakh crore in September and an eight lakh crore in October. In November, they've actually invested money adding 36th 1002 139 lakh crore now an immediate trigger for the markets today and the foreign inflows was US Fed chairman signal that interest rate hikes might be lower next interest rate hikes were one of the primary reasons dragging the market. Sellers are now the lower rate hike Hopes are boosting the markets. The US Fed chairman said that it's time to moderate pace of the rate hikes from December. This caused a rally in the U. S markets and the Indian markets clearly followed.
