The Sensex reached a historic milestone, hitting 80,000 points for the first time, while the Nifty also surged to a new record high. The rally was driven by strong performances in banking shares, which led the charge. Investor sentiment was boosted by positive economic data and robust corporate earnings. Key contributors to the rise included major banks and financial institutions. The market's bullish trend reflects growing confidence in India's economic recovery and the overall positive outlook for the financial sector.