The benchmark Sensex on Wednesday breached the 80,000 mark for the first time during intraday trading, completing an impressive ascent of nearly 10,000 points from the Lok Sabha election results-day low of 70,234 on June 4.
Taking poll results-related disappointments in its stride, the index has surged almost 14 per cent, buoyed by hopes that the new coalition government will stick with its economic agenda and stimulate growth and capital expenditure.
After peaking at an intraday high of 80,074, the 30-share index closed at 79,987, gaining 545 points or 0.7 per cent. Top weight HDFC Bank alone contributed half of the day's gains with its shares gaining over 2 per cent amid hopes of its weighting in the MSCI index getting doubled, leading to passive inflows of $3 billion.
The Nifty 50 also saw a strong finish, ending at 24,287 with a 163-point rise, or 0.7 per cent, as 40 of its components ended higher.
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