Sensex and Nifty Hit Historic Highs Amid Volatile Trade

Benchmark Sensex gained 126 points to reach an all-time high, while Nifty scaled the 25,000 mark for the first time amid volatile trading influenced by gains in banking and oil shares. The US Federal Reserve's hint at a potential rate cut by September further supported the rally.

Benchmark Sensex advanced 126 points to close at an all-time high while broader Nifty scaled the historic 25,000 mark for the first time in a volatile trade on Thursday. Gains in banking and oil shares, along with the US Federal Reserve's hint at a potential rate cut by September, drove the rally.

Extending their winning streak to the fifth consecutive day amid weak global trends, the 30-share Sensex climbed 126.21 points or 0.15 per cent, settling at a new lifetime high of 81,867.55. The index rallied 388.15 points or 0.47 per cent in intraday trading, hitting an all-time high of 82,129.49.

The NSE Nifty rose 59.75 points or 0.24 per cent, closing at an all-time high of 25,010.90. Intraday, it reached a record 25,000 level for the first time, climbing 127.15 points or 0.50 per cent to 25,078.30. Major gainers included Power Grid, NTPC, HDFC Bank, Nestle India, Adani Ports, Maruti Suzuki, and Reliance Industries.