On the fourth day of this business week, the stock market has reached an all time high. On Thursday, crude oil prices and an increase in banking shares boosted the market. Thanks to this, the Sensex that opened the day breaching the 38000 point mark closed above it.
Thursday’s rise in banking stocks has strengthened the market. Thanks to these, the Sensex has gained 137 points to end at 38,024.37 level. This is a new record for the Sensex. On the other hand, Nifty has also managed to reach the record levels. On Thursday, Nifty closed at a record high of 11,470.70 with a gain of 20.70 points.
Axis Bank, ICICI Bank and SBI shares have seen a steady rise in the Nifty-50 during the business turnover. Axis Bank’s shares are in the Top Gainers with an increase of 4.20%. At the same time, ICICI Bank’s shares too gained 4.17%.
The rally was continuing from the beginning of business in banking shares. On Thursday, the stock market reached the new record level and started the business. This is for the first time, when the Sensex opens up to 38 thousand rupees. Nifty also managed to cross the figure of 11450. Nifty started trading at 11,475.55 with a gain of 25.55 points.