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Stock Market Buzz: Sensex and Nifty Reach Record Highs in FY25 Kickoff

Exciting updates from the Indian stock market - Sensex and Nifty soaring to new heights in the first trading session of FY25!

The Indian stock market witnessed a historic moment as both the Sensex and Nifty hit record highs in the first trading session of FY25. The Sensex surged by 470.45 points to reach 74122.82, while the Nifty rose by 166.40 points to 22493.30, showcasing the bullish sentiment and investor confidence. The market rally was fueled by strong performances in sectors like banking, metal, auto, IT, and pharma, with indices reflecting this positive trend.

Investors were greeted with a positive start for the broader index, with the GIFT Nifty showing a gain of 63.50 points or 0.28 percent, setting the tone for a prosperous trading day. The market sentiment remained upbeat with 2606 shares advancing, 417 declining, and 128 unchanged, indicating a favorable outlook for investors. The rise was also supported by a premium trading level of 22530 in the Gift Nifty, further boosting confidence in the market trajectory.

As the day progressed, the Sensex witnessed fluctuations but held strong, supported by high-weightage financials and information technology stocks. The market's resilience to external factors and firm global markets contributed to the positive momentum, signaling a promising trend for market participants. Additionally, metal stocks led the surge, underlining the diversity and strength of the market's performance.

In conclusion, the Indian stock market's stellar performance in the FY25 kickoff has set a positive tone for investors. With both Sensex and Nifty reaching record highs and sectors like banking, metal, auto, IT, and pharma driving the growth, the market is primed for continued success in the upcoming sessions.