A morning walk down Dalal Street | Nifty may test 12,000 if it sustains above gap zone of 11,731–11,704
Both Sensex and Nifty hit fresh record highs. The S&P BSE Sensex hit a record high of 39,364.34 while the Nifty50 also recorded fresh life highs 11,810.95.
Banks, consumer durables, and telecom stocks led the rally while realty stocks witnessed some profit taking.
The broader market underperformed benchmark indices. The S&P BSE Midcap index rose 0.12 percent while the S&P BSE Smallcap index rose 0.37 percent.
The final tally – the S&P BSE Sensex rose 369 points to 39,275 and the Nifty50 closed 96 points higher at 11,787.15.