Indian markets reached new heights on Wednesday, with the Sensex crossing the 80,000 mark for the first time, driven by a surge in HDFC Bank’s shares. The Nifty also approached a record 24,300. This market rally saw significant contributions from Kotak Mahindra, JSW Steel, PFC, REC, and auto stocks, signaling robust investor confidence.
HDFC Bank’s strong performance, likely boosted by an anticipated increase in its MSCI weightage, played a pivotal role in the market’s ascent. Other major gainers included Kotak Mahindra and JSW Steel. The positive market sentiment was further fueled by strong corporate earnings and favorable economic indicators, positioning the market for continued growth.
