Indian benchmark indices, Sensex and Nifty, are nearing historic record highs. Analysts point to five key near-term triggers that could fuel the next market rally: a potential Reserve Bank of India rate cut in December, progress on the India-US trade deal, hopes for a Russia-Ukraine peace accord, anticipation of a US Federal Reserve rate cut, and sustained Foreign Institutional Investor (FII) inflows. Investors are closely watching these factors for a potential breakout to new all-time highs.