Sensex, Nifty hit record closing highs: Five factors behind the surge

Equity indices soared to record highs on Tuesday with the benchmark BSE sensex jumping over 850 points led by gains in IT, consumer and financial stocks. Rallying for the second straight session, the 30-share BSE index surged 837 points or 1.65 per cent to close at new record peak of 53,823; while the broader NSE Nifty settled 246 points or 1.55 per cent up at fresh high of 16,131.

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