Mumbai’s benchmark indices rebounded on Thursday, with the Sensex breaching the historic 79,000-mark for the first time, closing at a new peak of 79,013.76, and the Nifty reaching a record high of 23,966.40. The rally was driven by blue-chip stocks such as Reliance Industries and ICICI Bank. Among the biggest gainers were UltraTech Cement, JSW Steel, and Axis Bank, while Maruti, Tech Mahindra, and HCL Technologies lagged. Despite valuation concerns, analysts remain optimistic, citing strong fundamentals in banking and telecom sectors. This positive trend follows the US markets’ gains and comes amid a decline in Brent crude prices.