Sensex breaks 77,000 mark for first time after PM Modi's historic third-term inauguration

The Sensex and Nifty indices surged to record levels in early trading, fueled by robust gains across various sectors. The Nifty 50 index soared to an unprecedented high, driven by significant upward momentum in IT, financial, and consumer goods stocks.

This market rally follows Narendra Modi's swearing-in as Prime Minister for a historic third term on Sunday.

As of 09:21 a.m, the NSE Nifty 50 had risen by 91.90 points to 23,382, while the BSE Sensex increased by 233 points to 76,926. During the session, the NSE Nifty 50 reached a peak of 23,411.90, and the Sensex climbed to an all-time high of 77,079.

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Among the 30 Sensex companies, Power Grid, Axis Bank, State Bank of India, Bajaj Finserv, Reliance Industries and NTPC were the biggest gainers.

Tech Mahindra, Infosys, Wipro, HCL Technologies and Titan were among the laggards.

On Friday, Sensex and Nifty climbed over 2% to settle at record high levels after the Reserve Bank of India revised the GDP growth projection for 2024-25 upwards to 7.2% from the previous 7%.