Indian equity closed on a record-high note on Monday. The NSE Nifty 50 hit a new all-time high of 23,754.15 surpassing the previous high. The index later closed 183 points or 0.78% higher, from its previous close, at 23,721. Similarly, the BSE Sensex touched a new record high of 78,165 and settled above the psychological level of 78,000 for the first time ever. Sensex closed 712 points or 0.92% higher at 78,054. Shriram Finance, Axis Bank, ICICI Bank, and both the HDFC twins were the major gainers in the Nifty 50 on Monday.
Bank Nifty saw a rally of over 1,000 points in a single day. The bank-heavy index touched an all-time high of 52,746.50. Bank Nifty settled 902 points or 1.74% higher, from the previous, at 52,606. Bucking the overall trend, Nifty Midcap 100 fell 209 points or 0.38% closing the day’s trading at 55,369. In the broader markets, midcap stocks closed down in the red.