Benchmark indices staged a recovery on Thursday after an initial dip, with the Sensex surging past the historic 79,000-mark for the first time and the Nifty reaching a fresh record high. This upward movement was driven by strong buying in blue-chip stocks.
Starting lower, the 30-share BSE Sensex gained 339.51 points to hit a new peak of 79,013.76, supported by robust purchases in major stocks like Reliance Industries and ICICI Bank.
Simultaneously, the Nifty also rebounded, rising by 97.6 points to achieve a new high of 23,966.40.
Leading the gains among Sensex components were UltraTech Cement, JSW Steel, Reliance Industries, Axis Bank, ICICI Bank, Bajaj Finance, Kotak Mahindra Bank, and Tata Steel. However, Maruti, Tech Mahindra, HCL Technologies, and Larsen & Toubro experienced declines during the session.
Elsewhere, Asian markets such as Seoul, Tokyo, Shanghai, and Hong Kong traded lower, while US markets closed higher on Wednesday.
Foreign Institutional Investors (FIIs) were net sellers of equities worth ₹3,535.43 crore on Wednesday, according to exchange data. Meanwhile, Brent crude, the global oil benchmark, edged down 0.21 per cent to USD 85.07 per barrel.
On Wednesday, the Sensex had closed up 620.73 points or 0.80 per cent at a record of 78,674.25, while the Nifty ended higher by 147.50 points or 0.62 per cent at a record closing of 23,868.80.