Sensex soars over 1,000 points: Top 5 reasons driving investor sentiment

Analysts believe that the US Fed's confidence about strong labor markets and dismissal of recession brought respite to the investors

Bulls lifted the Indian equity markets on Thursday after the US Federal Reserve's (US Fed's) chairman Jerome Powell hinted at an eventual slowdown of rate hikes once inflation peaks out. The S&P BSE Sensex zoomed over 1,000 points in the intra-day trade, while the Nifty50 inched above 16,900-mark. 

Index heavyweights, Bajaj Finance and Bajaj Finserv, jumped around 9 per cent each and contributed around a fifth of today's gains on the Sensex. Other heavyweights like Kotak Bank, Infosys, HDFC Bank, and Reliance Industries were the other contributors.

Broader markets, too, were firm as Nifty