Sensex Ends Above 52,150 Points For the First Time, Banks Outperform

Indices continued to extend their morning gains after hitting 52,000 on the Sensex and 15300 on the Nifty, backed by gains in the financials pack with Nifty Bank hitting record high again hitting new highs and there were seen gains of over 3 percent on Nifty Bank and Nifty Private Bank. Meanwhile, mid-cap also outperformed with gains of 1.41% towards the close of the session.

At the close, Sensex gained 609 points to end at over 52150 points, while Nifty ended above 15310 points.

Among the top Nifty gainers have been stocks like Axis Bank, Bajaj Finance, ICICI Bank, SBI and Adani Ports while losers include SBI Life, HDFC life, TCS, Dr. Reddy's and Grasim.

Sectorally, the laggards have been IT, metal, media and pharma pack, nonetheless winners in trade have been financial services, PSBs, private bank and realty.

Shares of HDFC Bank in today's trade broke the crucial level of Rs. 1500 and show the potential to reach Rs. 2000 in some months.

Despite Japan recording slump in many years, indices there ended above 30,000 for the first time. Also European markets have been trading higher with gains of close to 1 percent on FTSE.

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