Indian Stock Market: Indian benchmark indices extended their record-breaking streak for a second consecutive session on June 26, with the Nifty breaching the 23,850 mark for the first time, driven by strong performances in banking and heavyweight stocks.
By the close, the Sensex surged 620.73 points or 0.80 percent to reach 78,674.25, while the Nifty rose by 147.50 points or 0.62 percent to settle at 23,868.80. Both the BSE Sensex and Nifty50 indices touched new record highs of 78,759.40 and 23,889.90, respectively.
The Nifty Bank index also hit an all-time high, approaching the 53,000 mark.
After a subdued start, the market showed resilience in the afternoon session, propelled by buying interest in banking, oil & gas, and FMCG sectors.
Key gainers on the Nifty included Reliance Industries, UltraTech Cement, Bharti Airtel, ICICI Bank, and Grasim Industries, while losers included Apollo Hospitals, Bajaj Auto, M&M, Tata Steel, and Hindalco Industries.
Sector-wise, banking, oil & gas, telecom, media, and FMCG sectors witnessed gains of 0.3-2 percent, whereas auto, metal, and realty sectors saw declines of 0.7-1.5 percent.
The BSE midcap index closed down by 0.30 percent, while the smallcap index ended flat.
