Benchmark indices NSE Nifty closed at 9306 levels, higher by 88 points or 0.9%, whereas the BSE Sensex closed at 29,943 levels, higher by 287 points or 0.9%. Nifty closed above 9300 for the first time since April 12, 2017.
Nifty, Nifty bank, Sensex, Nifty Midcap closed at their record high levels on Tuesday.
Nifty Bank crossed its 22,000 mark on Tuesday and has rallied 20.8% on YTD basis, whereas the Nifty delivered 13.3% returns on YTD basis. PSU banks’ rally was majorly responsible to drive the Bank Nifty above the mark of 22000. The index hit the record high of 22070 level, up by 213 points.
Meanwhile, the BSE Mid-cap Index closed up by 0.9% at 14625 while the BSE Small-cap Index closed up by 0.8% at 15291.
There were 884 advances, 777 declines and 297 unchanged stocks on NSE, reflecting bullish undertone floating in the market.