Sensex soared over 570 points, crossing 80,000. Nifty approached the 24,300 mark, hitting new records.
HDFC Bank, Kotak Mahindra, and JSW Steel led the gains. Sun Pharma, TCS, and Ultratech Cement opened in red.
Nifty Financial Services gained 1.15%, led by PFC, REC, and HDFC Bank. Nifty Bank, Auto, FMCG, Metals also rose.
Dow Jones rose 0.41%, S&P 500 up 0.62%, Nasdaq advanced 0.84% as Fed comments hinted at potential rate cuts.
Crude oil prices dropped as Hurricane Beryl's impact on supplies seemed limited. Brent at $86.24, WTI at $82.81.