On the last day of the week, Friday, the stock market closed at a record high. Nifty closed at 25,791, up 375 points, while Sensex closed at 84,544, up 1,360 points. Buying was seen in realty, auto, metal stocks on Friday. ICICI Bank, HDFC Bank, M&M, L&T, RIL were the biggest contributors. Realty, auto and metal stocks also saw a rise. Let us know what were the main reasons for the rise in the Indian market today.

1- Global market boom

Global trends were the main reason for the rise in the market. Indian markets saw a strong jump after the Federal Reserve cut its interest rate by 50 bps on September 18 as the US markets closed with a great gain on Thursday. The upward trend continued in Asian markets on Friday, due to the big cut in interest rates by the US Fed. 2- Rate cut expected from RBI Analysts say that after the US Fed's decision, there may be pressure on the Reserve Bank of India to cut rates. Therefore, the market hopes that the Indian Central Bank can also cut rates. 3- Inflow of foreign investors will increase Analysts say that this year the inflow of foreign investors in the Indian stock market may increase, as the US Federal Reserve has cut its rates significantly. The Nifty Bank Index rose for the seventh consecutive session and reached a new high of 53,357, led by a gain of 1-2 percent in ICICI Bank, HDFC Bank and Kotak Mahindra. After falling 1.5 per cent in July and 0.4 per cent in August, the index has gained over 4 per cent so far in September. The broader market rebounded today after facing selling pressure in the last few sessions. Both the BSE midcap and smallcap indices snapped their three-day losing streak and rose over 1 per cent each.