Sensex and Nifty Reach Historic Highs Driven by Financial Stocks
Indian stock markets hit new peaks as large-cap financial and banking stocks lead the rally.
- Sensex breached the 79,000 mark for the first time, while Nifty hit a fresh lifetime high.
- Major gainers included Reliance Industries, ICICI Bank, and UltraTech Cement.
- Investors' wealth increased by Rs 2.53 lakh crore over three days of market rally.
- Market sentiment remains bullish with expectations of imminent rate cuts.
- Mid and small-cap stocks saw profit-taking due to valuation concerns.