The Nifty 50 and Sensex touched near-record highs, fueled by festive-season optimism, supportive policies, and expectations of robust corporate earnings. Positive FII inflows and optimism around a potential India–U.S. trade deal further boosted sentiment. Technical analysts highlight bullish breakouts, including a Cup and Handle pattern, pointing to medium-term Nifty targets of 30,800, though near-term volatility cannot be ruled out.