Sensex jumps over 600 points, Nifty above 24,450: Top 6 factors fueling today’s Dalal Street rally

Indian stock markets soared on Monday, with Sensex and Nifty extending their rally for a fourth straight session. Heavy rainfall bolstering monsoon hopes, coupled with Foreign Institutional Investors turning net buyers, significantly boosted investor sentiment. HDFC Bank led the gains, while broader markets also saw positive movement, adding substantial value to the overall market capitalization.

Global Market: Bank of England weighs leverage rule changes to boost gilt demand

Britain’s government bond market could see a significant boost and borrowing costs slashed by over £1 billion annually if the Bank of England eases bank leverage rules. Major lenders are pushing for exemptions on government bonds, estimating substantial increases in gilt demand. However, former regulators warn this could weaken financial safeguards, prompting the central bank…