Sensex closes at record high, Nifty hits 11,800 for first time: 10 points3 min read . Updated: 17 Apr 2019, 07:00 AM IST
- Banking stocks led the rally, with the Nifty Bank index rising 1.5%
- ICICI Bank and IndusInd Bank surged 4% each while Axis Bank and HDFC were among the other top gainers
Benchmark stock market indices Sensex and Nifty today closed at record highs, led by gains in banking stocks and IT heavyweight TCS. The Sensex rose as much as 458 points intraday to 39,364, before ending at 39,275, up 369 points. Broader benchmark index Nifty, which hit a fresh high of 11,810 intraday, settled 0.90% higher at 11,787. Banking stocks led the gains with Nifty Bank index rising 1.5%. Earnings, investment flows and elections are likely to be the key drivers for Indian markets this truncated week. Indian markets would remain closed on Wednesday and Friday for Mahavir Jayanti and Good Friday. Voting for the second phase of Lok Sabha elections will take place on April 18. The global cues remained positive with Asian and European markets higher today.
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