The Sensex, India's benchmark stock market index, achieved a historic milestone on Wednesday by reaching a record high of 63,588 points. This marked a significant increase of 260 points or 0.41% from the previous session.
The surge in Sensex was primarily driven by the gains made by heavyweight companies such as Reliance Industries, Tata Consultancy Services (TCS), and HDFC group of companies. These index heavyweights played a crucial role in propelling the market to new heights.
Alongside the Sensex surge, the Nifty50, another prominent stock market index in India, was observed to be trading at 18,870 points. This indicates a positive sentiment in the broader market, complementing the record-setting performance of the Sensex.