New Delhi, October 31: The Indian economy is coming back on track as the market has entered into a bull phase on the back of the cut in tax rate which boost the overall market sentiment. The S&P BSE Sensex on 31st October, 2019, reached a high of 40,392.22 during the intraday, while NSE Nifty reached high of 11,945.00. That said, the Sensex closed at 40,129.05 by 77.18 points up, whereas on the NSE, the Nifty50 index ended at 11,881.20 up by 37.10 points or 0.31 per cent. For the month of October Sensex gained by 3.78 per cent as it recovered from 36000 to 40392 marks. The market experts attribute the new high towards positive FII inflows, as well as reducing tension over US-China trade war.