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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.
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