The Bank Nifty index on Monday recorded its biggest single-day gain in three months after renewed buying interest pushed most of the banking stocks up. Shares of ICICI Bank advanced nearly 3% on Monday while Kotak Mahindra Bank rose 1.6%. State Bank of India (SBI) shares gained 2.5%.

The Sensex on Monday rallied 259.42 points to hit an all-time high of 38,511.22. The National Stock Exchange, Nifty, too scaleed fresh peak of 11,633.30, up 76.20 pts.

Indian equities this week will mainly be guided by April-June quarter GDP data, while growing US-China trade war and rising crude oil prices will continue to have an impact on market sentiments, say experts.

Mumbai: Continuing its rally, the benchmark BSE Sensex rose over 250 points to hit a fresh record high in early trade, and NSE Nifty went past the 11,500-mark for the first time on MOnday on widespread gains in capital goods, metal, realty and banking scrips amid firm Asian cues.

Benchmark Sensex rebounded by over 284 points to close at 37,947.88 on Friday, while the NSE Nifty finished at a fresh lifetime high on the back of robust gains in FMCG, metal and banking stocks amid positive global cues.

Brokers said sentiment got a lift on uninterrupted buying by domestic institutional investors, while global markets were mixed after the US and China agreed to resume trade talks.

Sensex, Nifty today: The Indian stock market opened lower on Thursday, even as concerns surrounding the rupee and cues from the global market weigh. The Sensex opened at 37,796, and soon plunged nearly 150 points to hit the day’s low at 37,644 within minutes of opening. The broader Nifty 50 opened at 11,397, below the psychological mark of 11,400. The rupee too opened at a record low of 70.32, recording a plunge of 43 paise against the dollar.

Mumbai: The BSE Sensex fell over 288 points and the NSE Nifty dipped below the 11,400-level in opening trade on Monday on heavy losses in PSUs, auto, metal and banking counters amid a global rout in equity markets.

A weak trend in Asia coupled with sell-offs on Wall Street last week and a slump in the Turkish lira dampened the sentiment globally, traders said.

The BSE Sensex tumbled over 155 points on Saturday to close below the 38,000-mark as investors booked profits amid lacklustre global cues.

SBI was the biggest loser in the Sensex pack, diving 3.79 per cent, after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

Retreating from its lifetime high, the BSE Sensex dropped 106 points in opening trade on Friday on profit-booking in recent gainers amid a weak trend at other Asian markets.

The 30-share barometer fell by 106.02 points or 0.27 per cent to 37,918.35, with banking, PSU, metal, realty and FMCG stocks falling up to 0.30 per cent.

Sensex breached the 38,000 barrier for the first time in early trades on Thursday morning. The markets are in high spirits after IMF prediction that Indian economy is in good hands.

Sensex jumped 117.47 points to 38,005.03 and Nifty too opened at a fresh record high.

When it comes to the Indian stock market, analysts are not following investors’ exuberance. A booming economy and encouraging corporate results have sent the benchmark S&P BSE Sensex racing past 22 record highs this year. While gains have accelerated in the past six weeks, analysts have failed to keep up, and the average price estimate for members of the gauge is now just 14 percent above their stock prices, the narrowest gap since February, data compiled by Bloomberg show.

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