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In the course of the trading session, the 30-share BSE Sensex experienced a significant surge of 1,720.8 points, equivalent to 2.29%, reaching an all-time high of 76,795.31. Ultimately, the benchmark closed at a fresh record peak of 76,693.36, registering a gain of 1,618.85 points, or 2.16%.

During the trading day, the NSE Nifty surged by 498.8 points, marking a gain of 2.18%, and reached 23,320.20, narrowly missing the record intraday high by 18.5 points. The index ended the session at an all-time high of 23,290.15, with an increase of 468.75 points, equivalent to 2.05%.

Vinod Nair, Head of Research at Geojit Financial Services, attributed the widespread rally in the domestic market to the anticipation of stability within the coalition government at the center, coupled with the RBI's upward adjustment of its FY25 growth forecast to 7.2%. The Indian market surpassed its previous record high set on exit poll day, reaching a new pinnacle. Despite the challenges in achieving the final mile to the inflation target, investors anticipate the MPC to move a step closer to the easing cycle.