Sensex goes past 80,000-mark for first time, Nifty at lifetime high

The nation’s top private lender, HDFC Bank, climbed to a new high on expectations of a possible increase in its weightage in a significant global index, pushing the share price up to record highs at the opening on Wednesday.

As of 9:15 a.m. IST, the S&P BSE Sensex gained 0.72% to 80,013.77 points, while the NSE Nifty 50 was up 0.7% at 24,291.75 points.

The 30-stock Sensex has reached the 80,000 mark for the first time.

With a 3.5% opening gain, HDFC Bank led the Nifty 50 upward.

Foreign institutional investors’ holdings in HDFC Bank fell below 55% in the June quarter, according to data released after market hours on Tuesday, increasing the likelihood of a rise in weightage in global index provider Morgan Stanley’s MSCI indexes.

All 13 key sectors recorded increases. The rise in HDFC Bank-powered banks, financials and private banks is 1.3%-1.5% higher.

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