Thu Sep 12 22:46:50 UTC 2024: ## Indian Stock Market Soars to New Heights, Investor Wealth Surges

**Mumbai, India** – The Indian stock market experienced a dramatic surge on Thursday, with domestic stocks closing at all-time highs fueled by strong gains across all sectors. The benchmark BSE Sensex soared 1,593 points to reach a record-breaking 83,116, while the broader NSE Nifty index climbed 515 points to a new peak of 25,433. This impressive rally resulted in an astonishing increase of over Rs 6.9 lakh crore in the BSE market capitalization.

The surge was primarily driven by strong buying interest in prominent heavyweights such as Bharti Airtel, HDFC Bank, Reliance Industries Ltd (RIL), Infosys, Larsen & Toubro (L&T), M&M, and ICICI Bank. Notably, Airtel, HDFC Bank, and RIL alone contributed significantly to the Sensex’s gains.

Further bolstering the positive sentiment, 256 stocks hit their 52-week high levels on the BSE, including prominent names like Ajanta Pharma, Alkem Laboratories, Apollo Hospitals, Bajaj Auto, Airtel, and Britannia.

The positive performance was mirrored across all sectors, with the Nifty Auto, Nifty Metal, Nifty Bank, and Nifty Financial Services indices outperforming the NSE index with gains of 2.20%, 2.87%, 1.58%, and 1.63% respectively.

Foreign institutional investors (FIIs) continued their bullish stance, purchasing shares worth Rs 1,755 crore on a net basis during the previous session, while domestic institutional investors (DIIs) also added Rs 230.90 crore to their portfolios.

This robust performance signifies strong investor confidence in the Indian economy and its growth prospects.

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