Benchmark Sensex closed above the historic 84,000-mark for first time while Nifty settled at a new record high on Friday, powered by a rally in frontline bank stocks along with upbeat trends in the US

Sensex closes above 84,000 for the first time, Nifty hits record high, driven by bank stocks and global trends.

Bulls continued to dominate Dalal Street on Friday as Sensex closed above the historic 84,000-mark for the first time while Nifty settled at a new record high of 25,790.95 on Friday, powered by a rally in bank stocks following the Fed rate cut.

Sensex hits record high post US rate cut, M&M leads gainers, market bullish on global cues, potential for further gains.

Domestic stock market benchmarks, Sensex and Nifty, hit fresh record highs on Friday amid positive investor sentiments following a 50 basis points cut by the US Federal Reserve. In the last two days, the Sensex has gained nearly 1600 points and Nifty has added 413 points.

This trend has supported the Sensex and the Nifty 50 with the Nifty Bank index rising by a percent to hit a fresh record high of 53,559.35. Stocks such as ICICI Bank and HDFC Bank rose up to 2%. Additionally,

The NSE Nifty surged 375.15 points or 1.48 per cent to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points or 1.70 per cent to reach an all-time intra-day peak of 25,849.25.

The two key equity benchmark indices, BSE Sensex and NSE Nifty50, hit new record highs tracking a rally in global markets following the US Fed cut its benchmark interest rate. The two indices scaled new levels as the BSE benchmark Sensex breached the historic 84,

All sectoral indices ended in positive territory, with metals and autos leading the gains. ICICI Bank recorded its largest single-day gain since April, rising more than 4%.

The S P BSE Sensex was up 965 points to 84,149.80 at 11:30 am, while the NSE Nifty50 gained 276.60 points to trade at 25,692.40.