Mumbai, June 9
The Indian stock markets closed in the green on the first trading day of the week, as Bank Nifty hit a new all-time high of 57,000 on Monday, reflecting strong sentiment and momentum in the banking sector.
The Sensex ended 256.22 points or 0.31 per cent up at 82,445.21 and Nifty closed 100.15 points or 0.40 percent up at 25,103.20.
Midcap and smallcap stocks saw a rise compared to largecaps. The Nifty Midcap 100 index was up 664.65 points or 1.13 per cent at 59,674.95 and the Nifty Smallcap 100 index was up 290.95 points or 1.57 per cent at 18,873.40.
On a sectoral basis, auto, IT, PSU banks, financial services, pharma, metal and media indices closed in the green. Only the Nifty Realty index closed in the red.
Kotak Mahindra Bank, Bajaj Finance, Axis Bank, Power Grid, IndusInd Bank, Maruti Suzuki, Bajaj Finserv, NTPC, TCS and Tata Motors were the top gainers in the Sensex pack. while Eternal (Zomato), ICICI Bank, Titan, M&M and Tata Steel were the top losers.
Financial stocks extended their rally in the Indian markets, driven by the RBI’s supportive aggressive policy of rate and CRR cut.