Moneycontrol
Last Updated : Jan 19, 2018 07:13 PM IST | Source: Moneycontrol.com

Markets@Moneycontrol: Benchmark indices close at record highs

Banking sector, one of the main drivers of the economy, led the charge today as the Nifty Bank gained 4.5 percent this week to end at fresh record closing high of 26,909.50.

Bulls have not been giving any chance to bears to take control at Dalal Streel as benchmark indices ended another session at record closing high on Friday, taking weekly gains to 919 points on the Sensex.

Earnings , gradual boost through change in GST rates, and hopes of good full-fledged Union Budget that will be presented on February 1 are key reasons for today's rally. Positive global cues also lifted sentiment.

Banking sector, one of the main drivers of the economy, led the charge today as the Nifty Bank gained 4.5 percent this week to end at fresh record closing high of 26,909.50. In fact, all sectoral indices closed in the green, with the PSU Bank rising 2 percent.

For more, watch the Markets@Moneycontrol show as Moneycontrol research analyst Shishir Asthana decodes what moved the markets today.
First Published on Jan 19, 2018 06:36 pm
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