Nifty

Benchmark indices, Nifty and Sensex scaled fresh record highs on Wednesday, with Sensex surpassing 80,000 for the first time on the strength of banking and FMCG stocks.

Today marked a historic day for India's stock markets as the BSE Sensex surged past the 79,000 mark and the NSE Nifty breached 24,000 for the first time

According to market experts, Indian indices had shown mixed performance over the previous week amid the ongoing elections, but investor confidence in the Indian market is rising as the result date approaches.

The historic milestone aligned with Prime Minister Narendra Modi-led NDA government at the Centre for the last ten years. When Narendra Modi first became Prime Minister in 2014, the Sensex celebrated the historic verdict by surging roughly 1400 points to exceed the 25,000 mark. Now, ten years later, as PM Modi is vying for a third term in the forthcoming Lok Sabha Elections of 2024, the Sensex has crossed the landmark 75,000 mark.

Nifty 50 of the National Stock Exchange (NSE) also soared 388.75 points (2.38%) and traded at 1634.10 at 11:17 am on Thursday.

The last 10,000 point rally, from 50,000 to 60,000-mark, came in just 8 months, the fastest ever since the launch of Sensex in March 1986

This is also the fastest 10,000 point climb for the SENSEX.

Many people on Twitter contemplated whether Jitu Patwari is also planning to jump the ship

The Sensex has plunged to 3090.62 points and is currently under 30,000 points at 29,687.52.

For the first time in India's history, the S&P BSE SENSEX has crossed the 40,000 mark.