New Delhi, Nov. 27 -- The Indian stock market hit fresh milestones on Thursday, November 27, as the Nifty 50 and Sensex rose to fresh all-time highs after a gap of 14 months amid firm global cues.

The Nifty 50 hit a record high of 26,295.55, surpassing its previous lifetime peak of 26,277.35 recorded in September 2024. The Sensex rose over 400 points to a fresh peak of 86,055.86.

Globally, markets continued to cheer expectations of monetary easing. Traders are pricing in a 25-basis-point rate cut each by the US Federal Reserve and the Reserve Bank of India (RBI) in December. The Federal Open Market Committee (FOMC) meets on December 9-10, while the RBI's Monetary Policy Committee (MPC) convenes on December 3-5.

Any rate reduction by bo...