Mumbai, May 23 -- The domestic equities wrapped up the day on a high note, with benchmark indices clocking solid gains. The Nifty sailed past the 24,850 level, lifted by strong performances in FMCG and IT stocks. FMCG shares rallied on the back of upbeat monsoon forecasts, while IT stocks staged a smart comeback after a recent dip. Investor sentiment also got a boost from expectations of a record-high dividend payout by the RBI for FY25. The decision, expected at the central bank's board meeting on 23 May 2025, has fueled optimism around fiscal consolidation.

The S&P BSE Sensex zoomed 769.09 points or 0.95% to 81,721.08. The Nifty 50 index jumped 243.45 points or 0.99% to 24,853.15.

ITC (up 2.39%), Reliance Industries (up 1.21%) and HDF...