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The Nifty50 finally hit a fresh record high for the first time since January 29 and ended at all-time closing high on the day of July futures and options (F&O) contracts expiry Thursday, though it dropped in the red in last hour of trade.
The index formed a small bullish candle on the daily charts. The market shrugged off weakness in Asian peers.
The rally was majorly driven by banking & financials space as the Nifty Bank index gained 1.4 percent and Financial Services 1.7 percent. PSU Bank gained the most among sectoral indices, rising 5.5 percent, especially after Canara Bank earnings.
Not only Nifty but also Sensex ended at record closing high of 36,984.64, up 126.41 points. Even the entire July series was strong for the market as the Nifty and Sensex rallied 5.5 percent each.
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