Sensex Hits Record High of 66,000, Nifty at 19,567

Mumbai: Indian stock markets hit record highs on Thursday, with the Sensex breaching the 66,000-mark for the first time. The Nifty also hit a new all-time high of 19,567.

The rally was driven by a number of factors, including strong global cues, moderating US inflation data, and positive earnings from IT companies.

From the Sensex pack, Tata Consultancy Services, Infosys, Bajaj Finserv, Tech Mahindra, ICICI Bank, Axis Bank, Wipro, and Bajaj Finance were among the major gainers.

TCS climbed 2.47% a day after announcing its June quarter earnings. The company reported a 16.83% increase in net profit to ₹11,074 crore.

Official data released on Wednesday showed retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2% in May.

However, some analysts warned that the rally could be short-lived, as concerns about domestic inflation persist.