BSE Sensex crossed 85000 for the first time, driven by banking and IT sector rally.
Foreign institutional investors poured $3.2 billion into Indian equities this month alone.
RBI steady rate policy and strong Q4 corporate earnings fuelled the surge. Nifty also hit fresh highs.
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Analysts warn of short-term correction risks but maintain bullish long-term outlook.
Retail investor participation reached record levels with 4 million new demat accounts opened in Q1.
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