Sensex Surpasses 80,000-Mark for the First Time, Nifty Hits Lifetime High

This is the first time that the 30-stock Sensex has crossed the 80,000 mark.
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In a historic milestone, the Sensex crossed the 80,000-mark for the first time on Wednesday, while the Nifty also soared to an all-time high.

The NSE Nifty 50 climbed 0.7% to reach 24,291.75 points, and the S&P BSE Sensex rose 0.72%, hitting 80,013.77 points. This remarkable achievement marks the first occasion the 30-stock Sensex has broken past the 80,000 threshold.

This significant rise comes just a week after the Sensex surpassed the 79,000-mark last Thursday. The surge was predominantly driven by HDFC Bank, India’s leading private lender. HDFC Bank’s shares jumped to a record high, fueled by expectations of a potential increase in its weightage in a key global index. At the market open, HDFC Bank saw a 3.5% increase, spearheading the gains in the Nifty 50.

Stay tuned for more updates on the market’s performance and insights into what this means for investors and the broader economy.

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