Indian stock indices Sensex and Nifty hit record highs on 3 July, led by a banking stock rally.

Indian stock indices Sensex and Nifty hit record highs on July 3, driven by a banking stock rally. Sensex crossed 80,000 for the first time, while Nifty hit 24,292. Banking stocks led the surge, with Nifty Bank up 1.82% at 53,115. HDFC Bank's share price attracted attention due to its anticipated increased weightage in the MSCI index as foreign institutional investors (FIIs) had more room to buy stock.