Benchmark Sensex reached a historic milestone, crossing the 83,000 mark for the first time. The BSE Sensex surged by 1,593.03 points, or 1.95%, to achieve an intra-day peak of 83,116.19 before closing at a record high of 82,962.71, up by 1,439.55 points, or 1.77%.

Meanwhile, the NSE Nifty also set a new record, climbing 470.45 points, or 1.89%, to finish at an all-time high of 25,388.90. During the day, the Nifty peaked at 25,433.35, a jump of 514.9 points, or 2%.

Both indices saw gains throughout the day, driven by a strong rally in blue-chip shares, buoyant global markets, and increased foreign fund inflows.

Market heavyweights including Reliance Industries, HDFC Bank, and IT majors were instrumental in driving the upward momentum. The Nifty Bank Index surged by 762 points to reach 51,772, and the Midcap Index climbed 702 points to close at 59,640.Also Read: 1,100% Dividend: This Bajaj Group company will pay ₹110 per share to shareholders

Sectoral performance was strong across the board, with all Nifty stocks and sectoral indices recording gains. Metal stocks led the charge, with the Nifty Metal index jumping nearly 3%. ONGC closed at its day’s high, gaining over 3%, buoyed by Brent crude prices rising above $71 per barrel.

Zomato extended its gains for the sixth straight session, rising more than 5% on positive brokerage reports. Meanwhile, Bajaj Auto and Hero MotoCorp gained nearly 3% each following the cabinet’s approval of the PM e-Drive scheme.

However, Granules saw a significant drop, plunging over 16% after receiving observations from the US FDA for its Gagillapur facility. Honasa Consumer also slipped 5% as nearly 11% of equity changed hands in block deals.

Also Read: Granules India shares fall 15% on concerns over 6 USFDA observations to the Gagilapur unit

The broader market favoured advances with an advance-decline ratio of 2:1, and BSE-listed companies added approximately ₹6 lakh crore in market capitalisation during the day.