India's Nifty 50 index crossed the 25,000 milestone for the first time, driven by strong corporate earnings and expectations of a potential US Federal Reserve rate cut in September. The Nifty surged 5,000 points from 20,000 in just 220 sessions, marking its fastest 5,000-point rally. The Sensex also saw significant gains, hitting an intraday high of 82,130 points. However, the market faced volatility with all sectoral indices trading in the red, and the Nifty fell below 24,800 the next day. Major stocks in focus included Maruti Suzuki, Tata Steel, and ITC, while the Ola Electric IPO opened amid the market fluctuations. India VIX was up 2%, and Nifty Bank gained 11 points. NSE CEO Ashish Chauhan led the celebrations for the Nifty's milestone.