The stock market is at a record high with Sensex crossing 75,000 points.

In the bustling city of Mumbai, the Indian equity market saw a positive trend on Thursday, fueled by strong domestic cues. The Sensex, India's benchmark index, rose by 800 points or 1.08 percent to reach 75,023 points at 1:00 p.m. The Nifty, another important index, also saw a significant increase of 246 points or 1.09 percent, reaching 22,843 points.

This was a historic moment as the Nifty traded above 22,800 points for the first time, surpassing its previous record of 22,794 points. The Nifty midcap index, which tracks the performance of medium-sized companies, also reached an all-time high. It saw an impressive gain of 238 points or 0.46 percent to reach 52,405 points. Similarly, the Nifty smallcap index, which follows the performance of smaller companies, also saw a rise of 27 points or 0.17 percent, reaching 16,909 points.

The India Volatility Index, which measures the market's expectation of volatility, remained steady at 21.47 points. This stability in the volatility index was a positive sign for the market.

The optimism in the market was further fueled by the release of HSBC Flash Purchasing Manager's Index data, which showed a record growth in exports and the highest increase in employment in almost 18 years in May. This news further boosted the market's uptrend.

Among the various sector indices, the Auto, IT, PSU Bank, Financial Services, Realty, Private Banks, and Infrastructure sectors were the major gainers. On the other hand, the Pharma, FMCG, Metal, and Energy sectors saw a decline in their performance.

In terms of individual stocks, Axis Bank, L&T, Maruti Suzuki, IndusInd Bank, Infosys, Bajaj Finserv, SBI, Titan, and ICICI Bank were the top gainers. On the other hand, Sun Pharma, Power Grid, NTPC, JSW Steel, ITC, and Tata Steel saw a decline in their stock prices.

Overall, the market showed a positive trend, thanks to strong domestic cues and favorable economic data. This was a welcome change for investors who have been closely monitoring the market's performance.

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