Sensex gains most in nearly three months; Adani stock rout ebbs

Analysts said equity markets were enthused by lower policy rates and expectations that the Fed will achieve a soft landing

The Sensex posted its biggest single-day gain since November 11 as the benchmark index rose for a fifth straight day on Friday. The intense selling pressure seen in Adani group stocks in recent days showed signs of easing.

Growing optimism that interest rates in the US could be lower by the year-end compared to now also helped domestic equities. The Sensex rose 909 points, or 1.52 per cent, to finish at 60,842. The Nifty50 index, which had a more tumultuous week, thanks to the presence of two Adani group stocks, rose 244 points, or 1.38 per cent, to settle at