Indian stocks resume record-breaking rally on rate cut optimism – Markets

BENGALURU: India’s benchmark indexes resumed their record-breaking run on Wednesday, boosted by a global rally on renewed optimism that the U.S. central bank would start cutting rates by as soon as next March.

The blue-chip NSE Nifty 50 and the S&P BSE Sensex both hit all-time highs in the session, before they settled 1% higher at 21,654.75 points and 0.98% higher at 72,038.43 points,…