Benchmark indices surged during the final hour of Thursday’s weekly expiry, with Nifty closing above 25,350 and both Sensex and the Nifty Midcap 100 index reaching record highs.

Both benchmarks hit major intraday milestones, with Nifty crossing 25,400 and Sensex reaching 83,000 for the first time. Sensex rose 1,439.55 points to close at 82,962.71, while Nifty gained 470.45 points to finish at 25,388.90.

Big names like Reliance Industries, HDFC Bank, and IT giants drove the market’s rise. The Nifty Bank Index climbed 762.40 points to 51,772.40, while the Nifty Midcap 100 Index went up 702.25 points, ending at 59,640.30.

All Nifty stocks and sectoral indices posted gains, with metal stocks leading the charge. The Nifty Metal Index jumped almost 3%. ONGC saw a rise of more than 3%, hitting its peak for the day. This boost came as Brent crude prices went above $71 a barrel.

Zomato extended its gains for the sixth consecutive session, rising over 5% on positive brokerage reports. Bajaj Auto and Hero MotoCorp also gained nearly 3% each after the cabinet approved the PM e-Drive scheme.

Granules dropped more than 16% due to US FDA observations at its Gagillapur facility, while Honasa Consumer fell 5% as 11% of equity changed hands in block deals. The broader market showed strength with an advance-decline ratio of 2:1.

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