Riding the FII wave: Sensex, Nifty scale new heights, investor wealth swells by Rs 4.2 lakh crore

Sensex and Nifty reached new record highs, driven by financial stocks and strong foreign fund inflows. Sensex closed at 84,928.61, while Nifty ended at 25,939.05. Key contributors included HDFC Bank and Reliance Industries. SBFC Finance shares rose 20% after an ICRA upgrade, and SpiceJet shares increased over 6% following a successful QIP.