Sensex surges to record high, driven by RBI's growth forecast

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Key Points

Benchmark stock indices erased the downturn it witnessed after a reduced mandate for BJP-led NDA on the day of the Lok Sabha election result, with Sensex hitting an all-time high on Friday...

The S&P BSE Sensex surged by over 1,600 points, reaching an all-time high of 76,795.31, while NSE Nifty50 also gained 2.07% to 23,294.2...

Ajit Mishra, SVP, Research, Religare Broking Ltd said that markets extended gains for the third consecutive session, rising by 2% in line with the ongoing positive trend...

Stocks in sectors sensitive to interest rates, such as banking, finance, automotive, and real estate, jumped by as much as 8% after the RBI announced it would keep the interest rate steady...

IT and bank stocks were in the highlights, with the tech sector leading the gains...

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