Market Live: Sensex, Nifty open at fresh record high; Bank index up nearly 600 pts
Bulls kept its tight control over Dalal Street as equity benchmarks opened at fresh record high on Thursday after buzz of likely increase in FDI in banking sector.
The 30-share BSE Sensex was up 294.72 points or 0.84 percent at 35,376.54 and the 50-share NSE Nifty gained 73.60 points or 0.68 percent at 10,862.10.
About 1,004 shares advanced against 308 declining shares on the BSE.
Nifty Bank rallied nearly 600 points to hit a fresh record high after sources told CNBC-TV18 that the government is considering allowing 100 percent FDI in banking sector.
SBI, ICICI Bank, Yes Bank, HDFC Bank, Axis Bank, IndusInd Bank and Kotak Mahindra Bank gained 1-3 percent.
GAIL was down 2 percent.
Nifty Midcap was up 0.7 percent. Mindtree, Adani Transmission, Thirumalai Chemicals, Jubilant Life and Bank of Maharashtra gained 3-8 percent.