Within the first hour of trading, the Nifty surged to 25,925.80, while Sensex reached 84,881.73, both rewriting their respective records.

The Nifty and the Sensex are on track to set new milestones, driven by active foreign and retail investors.

From a technical standpoint, momentum indicators continue to reflect a positive outlook

The Sensex finally closed 1360 points, or 1.63 percent, higher at 84,544.31, while the Nifty 50 ended at 25,790.95, up 375 points, or 1.48 percent.

The Sensex and Nifty recorded only modest gains on Thursday; however, bulls remain optimistic about a decisive rally in the near term.

Momentum indicators continue to reflect a positive trend, with the Nifty trading above both short-term and long-term moving averages.

Nifty and Sensex retreat after reaching all-time highs, and end flat; broader markets underperform.

Markets@11: The IT Nifty index rose by nearly 1.5% before tapering off later in the morning session.

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Momentum indicators remain positive, as the Nifty still trades above both short—and long-term moving averages.