Nifty hits new all-time high above 22,800: Key factors behind surge

The Nifty soared over 1 percent to reach a new high of 22,852, driven by factors including strong Q4 earnings, RBI's record dividend payout, and growing confidence in the outcome of the ongoing Lok Sabha elections. The Sensex also surged 1 percent, rising by 757 points to 74,978, with positive market sentiment reflected in gains across sectors.

The Nifty surged to a record high above 22,800, buoyed by several key factors contributing to the positive sentiment in the stock market. Strong Q4 earnings, particularly in the banking sector, coupled with the Reserve Bank of India's (RBI) unprecedented dividend payout of ₹2.11 lakh crore, bolstered investor confidence. Additionally, anticipation of a favorable outcome in the ongoing Lok Sabha elections further boosted market sentiment, with investors displaying optimism towards a stable political environment. Alongside the Nifty's surge, the Nifty Bank saw a significant jump of 1.6 percent, while PSU rail and defense stocks, including GRSE, Cochin Shipyard, and Mazagon Dock, witnessed gains of up to 20 percent. PSU rail stocks such as RVNL and IRFC also traded notably higher, reflecting the broad-based optimism prevailing in the market.