Sensex breached historic 81,000 level for the first time as markets settle at record highs

Equity benchmark indices, Sensex and Nifty, showcased their resilience by bouncing back from initial losses during early trade. Despite high volatility, both indices settled with new record highs on Thursday, where Sensex, surpassed the historic 81,000 mark for the very first time. As per experts, this turnaround can be attributed to several factors, including the normalisation of monsoons, stable commodity prices, and the anticipation of potential interest rate cuts. The 30-share BSE Sensex jumped 626 points to settle at 81,343, while the NSE Nifty climbed 187 points to close at 24,800. From the Sensex pack, TCS, Bajaj Finserv, Wipro, Mahindra & Mahindra and Infosys were the top gainers, while Asian Paints, NTPC, Tata Steel, Power Grid Corporation and HDFC Bank were among the top losers. On the sectoral front, IT and FMCG stocks led the market momentum, while Media, Capital Goods, PSU Banks and Power stocks remained subdued.