Sensex surges past 75000 as Nifty climbs above 23500 despite rupee weakness

Markets rally even as the rupee hovers near record lows

Indian equities extended gains for a second straight day, with the Sensex crossing 75,000 and the Nifty holding above 23,500 despite a weak rupee nearing record lows. High oil prices added pressure, yet stocks opened higher and climbed, led by Bharti Airtel. Pharma and metal also joined the rally as investors stayed upbeat.