Indian equities surged in the final hour of trading, propelling major indices to unprecedented highs. The S&P BSE Sensex breached the 83,000 mark for the first time, peaking at 83,020, while the Nifty 50 reached a record 25,433, inching closer to the 25,500 threshold. The rally was fueled by banking and IT sectors, with additional support from the auto sector, driving frontline indices to fresh record highs.
Heavyweight stocks, including Reliance Industries, Bharti Airtel, HDFC Bank, Infosys, and ICICI Bank, collectively contributed 171 points to the Nifty 50’s 451-point surge, accounting for 38% of its gain. This marked the index’s second record high this month. All but one of the 50 index constituents closed in the green, with Hindalco leading the gainers at a 4.5% rise.
The Nifty 50 closed with a 1.74% gain at 25,351, while the S&P BSE Sensex finished at 83,011, up 1.83% from the previous close. This rally turned both indices positive for the month, with the Nifty 50 up 0.7% in September and the Sensex gaining 0.8% over the same period.
