New Delhi, Oct. 23 -- The domestic benchmark indices, Sensex and Nifty 50, rose on Thursday due to increasing optimism regarding the US-India trade agreement. New inflows of foreign funds and purchases of IT shares also propelled the markets upward in the trading session.

On Thursday, the Nifty 50 was only 0.7% away from its peak, having reached an intraday high of 26,099.70. The Sensex climbed to as high as 85,272.40, which is approximately 0.8% less than its historic maximum. The Nifty 50 achieved a record high of 26,277.35 in September of the previous year, while the Sensex reached its highest point at 85,978.25 around the same period.

Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities believes tha...