Indian equity indices saw a notable uptrend on Thursday, buoyed by strong domestic cues. At 2:36 pm, the Sensex had surged by 986 points, or 1.33%, reaching 75,206, while the Nifty climbed by 303 points, or 1.33%, hitting 22,900.

This marks the first time Nifty has traded above 22,900 points, surpassing its previous high of 22,794 points.

The Nifty midcap index also reached an all-time high, rising by 238 points or 0.46% to 52,405. Similarly, the Nifty smallcap index increased by 27 points or 0.17%, standing at 16,909 points. The India Volatility Index (India VIX) remained flat at 21.47 points.

According to the HSBC Flash Purchasing Manager's Index (PMI) data released on Thursday, the Indian economy recorded a significant rise in exports and the sharpest increase in employment in nearly 18 years in May, propelling the market's upward trend.

Sector-wise, Auto, IT, PSU Bank, Financial Services, Realty, Private Banks, and Infrastructure were the major gainers, while Pharma, FMCG, Metal, and Energy lagged behind.

Top gainers in the Sensex included Axis Bank, L&T, Maruti Suzuki, M&M, IndusInd Bank, Infosys, Bajaj Finserv, SBI, Titan, and ICICI Bank. Meanwhile, Sun Pharma, Power Grid, NTPC, JSW Steel, ITC, and Tata Steel were among the top losers.