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 State Bank of India (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. Market sentiment got a lift after Finance Minister Arun Jaitley on Tuesday announced a massive Rs 6.92 lakh crore infrastructure spending and another Rs 2.11 lakh crore for bank recapitalisation to revive investments as well as growth, brokers said. 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 recorded gains by up to 30 per cent.

Source: India Today October 25, 2017 05:12 UTC