Sensex crosses 59k mark for first time, Nifty ends at fresh high; banking shares rally

Sensex closed above the 59,000 mark today for the first time, led by gains in banking stocks. Nifty too ended above 17,600 level, with 28 of 50 components ending in the green.

During the day, Sensex touched an all-time high of 59,204 and Nifty reached an all-time peak of 17,644. Later, Sensex ended 417 points higher at 59,141 and Nifty advanced 110 points to 17,629.

Market capitalisation of BSE-listed firms reached a record high of Rs 260.80 lakh crore. The market cap crossed the Rs 260 lakh crore mark for the first time after Sensex and Nifty hit their all-time highs in early trade today.

IndusInd Bank was the top Sensex gainer, rising 7.34 per cent, followed by gain in ITC, SBI, RIL, Kotak Bank, and ICICI Bank.

TCS, Tata Steel, Tech Mahindra and Bharti Airtel were among the top Sensex losers, falling up to 1.32%.

Of 30 Sensex shares, 14 ended higher.

BSE mid cap and small cap indices rose 120 points and 21.98 points, respectively. On a sectoral basis, banking shares led the gains with BSE bankex ending 892 points higher at  42,962. Bank Nifty too closed 816 points higher at 37,668.

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