Sensex breaches 78,000 mark for 1st time, Nifty at record high as bank stocks surge

The BSE Sensex and NSE Nifty surged to record highs, driven by private bank stocks like Axis Bank, ICICI Bank, and HDFC Bank. The market also witnessed notable achievements such as ICICI Bank crossing a market cap of $100 billion and the current high valuations of Indian equities.