Sensex sees third fastest 5,000-point gain in history to reach 80,000 mark

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Sensex sees third fastest 5,000-point gain in history to reach 80,000 mark - Business Standard

Quick Summary:

Low core inflation and high real rates, they feel, should support an easing cycle from October."Despite the unexpected electoral outcome for the incumbent, we do not expect a pivot to populism.

Ultratech Cement, Bharti Airtel, Power Grid Corporation of India (PGCIL), Tech Mahindra and Axis Bank were some of the other gainers.

The last 5,000-point gain in the Sensex – from 75,000 mark hit on April 9, 2024 till July 3, 2024 – has been led by a diverse set of stocks.