Sensex, Nifty Soar to Record Highs; Broader Markets Also Hit Life Peaks

• Sensex and Nifty closed at record highs, with Sensex rising 573 points to 85,762 and Nifty gaining 182 points to 26,329.
• Nifty Bank and Midcap indices also touched life highs, with Nifty Bank settling at 60,151 and Midcap Index closing at 61,366.
• PSU stocks, power-related stocks (SJVN, IREDA, PFC, REC), and metal stocks (NALCO) were among the top sectoral gainers.
• Coal India surged 7% after allowing foreign participants in e-auction; IDBI Bank rose 10% on financial bid reports; Ola Electric gained 9%.
• ITC fell over 12% due to an excise hike; APL Apollo Tubes saw profit booking; Bajaj Auto and Hyundai slipped on December sales data.

Why It Matters: Indian equity markets hit record highs across major indices, driven by broad-based gains and strong sectoral performance.