The Indian equity markets witnessed a robust rally this week. Both Nifty and Sensex have posted significant gains, led by strong domestic and global cues. From August 26 to August 30, Nifty and Sensex surged approximately 1.6%, contributing a positive week for Indian equities.

Nifty closed at 25,235.90 in the final trading session, up by 83.95 points. Sensex ended at 82,365.77, rising by 231.16 points. Both indices set new all-time intraday highs, which marked the 12th consecutive session of gains for the Nifty and the ninth for the Sensex.

The big gainers leading this record gains in months is Nifty IT, which led the charge with a 4.2% gain, followed by Nifty Realty at 3.33%, Nifty Pharma at 3.02%, Nifty Oil & Gas at 2.25%, and Nifty Finance and Nifty Media, each rising 1.65%. Other gainers included Nifty Metal (1.36%), Nifty Auto (1.33%), Nifty Energy (1.03%), and Nifty Bank (0.74%).

However, the FMCG and Nifty PSU Bank indices trailed with marginal declines of 0.29% and 0.53%, respectively.

In the Nifty 50, LTI Mindtree emerged as the top performer, gaining 9.1%, followed by Bajaj Finserv (8.7%), Bajaj Finance (6.9%), HCL Technologies (5.5%), Bharti Airtel (5.5%), Cipla (5.1%), Wipro (5.1%), Divis Laboratories (4.9%), and Bajaj Auto (4.7%).

The bear claws hit Coal India, which fell by 2.6%, Kotak Mahindra Bank by 2.1%, Grasim Industries by 1.8%, Hindustan Unilever by 1.3%, Nestle India by 1.1%, Tata Steel by 0.9%, and Asian Paints by 0.9%.

"Benchmark indices Nifty and Sensex maintained their momentum, closing at record highs today. This marks Nifty's best week in two months, with the index extending its winning streak to 12 consecutive sessions. The rise comes in the wake of U.S. economic data easing growth concerns, while investors now await the latest domestic quarterly growth figures," Shrey Jain, Founder and CEO of SAS Online, commented on the market's performance.

"This trend is expected to persist in the near term. A potential breakout could occur if banking stocks experience substantial buying. It is advisable to avoid aggressive shorting of Nifty and instead consider buying on dips, as disciplined traders with strict stop-loss strategies are likely to be rewarded," he added.