The Indian stock market hit a significant milestone as the Sensex surged past 85,000 points for the first time, extending its record-breaking rally. This bullish momentum has been driven by strong performances in the steel and automotive sectors. The Nifty index is also nearing the 26,000-mark, as both indices reach unprecedented levels.

Among the 30-share Sensex constituents, top gainers included Tata Steel, JSW Steel, and Powergrid, with steelmakers particularly benefiting from robust demand and positive market sentiment. On the other hand, stocks such as Hindustan Unilever, Infosys, and Bajaj Finance faced losses, tempering the overall market gains slightly.

The rapid ascent of the Sensex is noteworthy, as it crossed the 84,000-point mark just four days ago, after having breached 83,000 on September 12. Prior to that, the 82,000-point threshold was surpassed on August 1, while the 81,000-mark was crossed on July 18. This accelerated rally, which saw the Sensex climb from 80,000 to 85,000 points in less than 12 weeks, underscores the strong momentum in the Indian markets.

Contributing to this surge has been a combination of factors, including favorable domestic economic indicators, robust corporate earnings in select sectors, and an overall positive global market sentiment. Steelmakers like Tata Steel and JSW Steel have been riding the wave of increased demand, particularly due to infrastructure development, while automakers have seen a revival in consumer spending.

Despite the ongoing gains, some experts caution about potential market volatility, especially as certain sectors experience profit-taking. However, the overall outlook remains optimistic as investors continue to show confidence in India’s economic growth prospects, keeping the markets buoyant. The record-breaking run of the Sensex reflects the strength of key sectors and investor enthusiasm in the country’s economic trajectory.

The Indian stock market hit a significant milestone as the Sensex surged past 85,000 points for the first time, extending its record-breaking rally. This bullish momentum has been driven by strong performances in the steel and automotive sectors. The Nifty index is also nearing the 26,000-mark, as both indices reach unprecedented levels.

Among the 30-share Sensex constituents, top gainers included Tata Steel, JSW Steel, and Powergrid, with steelmakers particularly benefiting from robust demand and positive market sentiment. On the other hand, stocks such as Hindustan Unilever, Infosys, and Bajaj Finance faced losses, tempering the overall market gains slightly.

The rapid ascent of the Sensex is noteworthy, as it crossed the 84,000-point mark just four days ago, after having breached 83,000 on September 12. Prior to that, the 82,000-point threshold was surpassed on August 1, while the 81,000-mark was crossed on July 18. This accelerated rally, which saw the Sensex climb from 80,000 to 85,000 points in less than 12 weeks, underscores the strong momentum in the Indian markets.

Contributing to this surge has been a combination of factors, including favorable domestic economic indicators, robust corporate earnings in select sectors, and an overall positive global market sentiment. Steelmakers like Tata Steel and JSW Steel have been riding the wave of increased demand, particularly due to infrastructure development, while automakers have seen a revival in consumer spending.

Despite the ongoing gains, some experts caution about potential market volatility, especially as certain sectors experience profit-taking. However, the overall outlook remains optimistic as investors continue to show confidence in India’s economic growth prospects, keeping the markets buoyant. The record-breaking run of the Sensex reflects the strength of key sectors and investor enthusiasm in the country’s economic trajectory.