The domestic share market witnessed healthy buying across sectors on Wednesday, April 10, despite mixed global cues as investors awaited the US inflation numbers, due later today, to get cues on the US Fed interest rate trajectory.

Indian stock market benchmark the Sensex closed above the 75,000 mark for the first time while the Nifty 50 also ended at its fresh closing high.

India’s strong economic growth outlook amid expectations of rate cuts, healthy corporate earnings and the prospects of political stability after the Lok Sabha elections have kept the underlying sentiment positive. Moreover, the growing might of retail investors is also a factor behind the domestic market’s resilience amid global headwinds.

The Sensex opened 270 points higher at 74,953.96 against its previous close of 74,683.70 and jumped about 421 points to hit its intraday high of 75,105.14. The index closed 354 points, or 0.47 per cent, higher at 75,038.15

The Nifty 50 opened 78 points higher at 22,720.25 against its previous close of 22,642.75 and touched its fresh all-time high of 22,775.70 during the session, rising 133 points. The index closed the day at 22,753.80, up 111 points, or 0.49 per cent.