Sensex crosses historic 80,000 for the first time; Nifty hits record high

Indian benchmark indices, Nifty and Sensex, reached new record highs, driven by positive global cues.

The Sensex crossed the 80,000 mark for the first time, hitting 80,039 points, while the Nifty50 index rose by 169 points to 24,292.

The rally was led by financial and FMCG stocks, including HDFC Bank, ITC, Bajaj Finance, and Hindustan Unilever.

Most sector indices showed gains, with Nifty Financial Services, Nifty Private Bank, Nifty FMCG, and Nifty Metal among the top performers. The Nifty IT index was the only sector trading without gains.

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Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers.

Tata Consultancy Services, Sun Pharma, Infosys and Tata Motors were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong were trading in the positive territory while Shanghai quoted lower.

US markets ended higher on Tuesday.

The BSE benchmark declined 34.74 points or 0.04 per cent to settle at 79,441.45 in a volatile trade on Tuesday. During the day, it jumped 379.68 points or 0.47 per cent to hit a record peak of 79,855.87.

The Nifty declined by 18.10 points or 0.07 per cent to 24,123.85. Intra-day, it climbed 94.4 points or 0.39 per cent to hit a lifetime high of 24,236.35.