Nifty hits a record high while Sensex surges 1,200 points, fuelled by RBI s Rs 2.1 lakh crore dividend for the government. Analysts anticipate positive macroeconomic effects, including potential fiscal deficit reduction and infrastructure spending boost.
A review by FTSE is due before the end of this month. While JPMorgan s decision does not immediately pave the way for inclusion in the FTSE and Bloomberg indexes, it increases hope and can also have a demonstration effect in the medium term as the lower risk premia could trigger positive externalities.