Sensex, Nifty hit historic high, banks steal show after govt’s recapitalisation plan - News Summed Up

Sensex, Nifty hit historic high, banks steal show after govt’s recapitalisation plan


The 30-share Sensex soared 509.99 points, or 1.56 per cent, to quote at an all-time high of 33,117.33 points, breaching its previous record high (intra-day) of 32,699.86 hit on October 17. Banking behemoth SBI rallied 19.47 per cent while private peers ICICI Bank and Axis Bank soared up to 8 per cent in early trade, sending the barometer indices to record high. The 50-share Nifty also hit a historic high of 10,340.55 by climbing 132.85 points, or 1.30 per cent. It also smashed previous record (intra-day) of 10,251.85 points reached on October 17. Among the PSU-banks, Punjab National Bank, Bank of India, Union Bank of India, Bank of Baroda, Canara Bank, Oriental Bank of Commerce, IOB, IDBI Bank, Andhra Bank, UCO Bank and Bank of Maharashtra were at the centre stage and recorded gains by up to 30 per cent.


Source: Hindustan Times October 25, 2017 04:14 UTC



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