The BSE Sensex and the NSE Nifty hit two-year-high in early trade after the Dow Jones Industrial Average (DJIA) crossed the 21,000-mark for the first time in its history. The S&P 500 rose 1 percent and the Nasdaq Composite added 0.9 percent, following gains in Asia and Europe. Investors were also focused on the likelihood of the Fed raising interest rates in March, following comments from a number of officials suggesting another quarter-point rate increase could come at the central bank’s next meeting.
The Dow Jones Industrial Average rises above 21,000 points, reaching an all-time high.