158: 09.11.2020 | Markets hit record high as investor optimism grows

Firm global cues and a clear majority to favourite democrats party in the US election drove Indian markets to an all-time high on Monday. The rally in the domestic market was also led by Banking and Finance stocks on improved business outlook post Q2 results, end to moratorium and bounce back of economic activities. Markets are pricing in a boost on fewer regulatory changes and more monetary stimulus under US president-elect Joe Biden.