India, Oct. 23 -- India's stock market inched towards record highs today after buzz around an India-US trade deal grew louder. That Infosys promoters have chosen to opt out of the Rs.18,000-crore fuelled a rally for the Nifty 50 stock.

At 10:10 am, the BSE Sensex was nearly a percent higher at 85,220.20 points, while the Nifty 50 reclaimed the 26,000-mark after a year-rising as much as 0.97% to 26,093.95 points.

Both NSE Nifty 50 and BSE Sensex have gained about 3% in the previous five sessions, aided by stable earnings from the likes of Reliance Industries Ltd. and optimism over a festive-season boost to consumption demand. Foreign investors have been net buyers for five straight sessions.

On 22 October, Mint reported that India and t...