Bitcoin (BTC) and Ethereum (ETH) Surge: Top 5 Cryptos Propel Sensex to Record 1,115-Point High

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    <li>The S&P BSE Sensex surged by 1,197 points today, driven by strong performances from five index heavyweights.</li>
    <li>This rally was fueled by better-than-expected Q4 earnings and the RBI's record dividend payout to the government.</li>
    <li>"Indian markets hitting a new record is the market’s message of political stability after the elections," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.</li>
</ul>
<p><strong>The S&P BSE Sensex soared to a record high, driven by strong performances from key index heavyweights and favorable market conditions.</strong></p>
<h2><strong>Sensex Surges Past 75,000 Mark</strong></h2>
<p>The benchmark index soared 1,197 points (over 1.6 percent) to reclaim the 75,000 mark and end at its record closing high of 75,418. In intra-day deals, the benchmark rallied 1,279 points to its record high of 75,499.91. Today's surge comes on the back of better-than-expected Q4 earnings, the RBI's record dividend payout to the government, increased certainty surrounding the election outcome, and reduced foreign investor selling in the last few days.</p>
<h3><strong>Key Contributors to the Rally</strong></h3>
<p>HDFC Bank was the top contributor to the Sensex's rally, with a 215-point contribution. The stock rose over 2 percent. Meanwhile, Reliance Industries (158 points), ICICI Bank (136 points), and L&T (121 points) also contributed significantly to today's gain in the benchmark index. Axis Bank contributed 92 points to the Sensex jump. Moving on to stock price performance in the index, Reliance Industries gained 1.8 percent, ICICI Bank advanced 2 percent, L&T rose 3.6 percent, and Axis Bank added 3.3 percent. L&T was the top gainer in the index.</p>
<h3><strong>Broader Market Performance</strong></h3>
<p>Meanwhile, the NSE Nifty 50 index climbed to an all-time high of 22,993.60. At close, the Nifty 50 was at 22,967.65, up 369.85 points, or 1.64 percent. The broader market indices closed higher, with the BSE MidCap index gaining 0.58% and the BSE SmallCap gaining 0.27%. Additionally, M&M, Maruti Suzuki, UltraTech Cement, IndusInd Bank, Titan, Bharti Airtel, TCS, SBI, Bajaj Finserv, and Tata Motors also rose over 1.5 percent each in today's deals. However, three stocks on the index were in the red - NTPC, down 0.43 percent, PowerGrid, down 1.8 percent, and Sun Pharma, down 2.9 percent.</p>
<h3><strong>Conclusion</strong></h3>
<p>Today's surge in the Sensex is a testament to the positive sentiment in the market, driven by strong corporate earnings, favorable economic indicators, and political stability. Investors should keep an eye on the upcoming economic data and global market trends to gauge the sustainability of this rally.</p>