Sensex, Nifty hit new peak; SBI leads state-run lenders' rally

Sensex and Nifty rises at record high of 28,205.71 and 8,438.1 respectively

Mumbai: The BSE Sensex and Nifty rose to record highs on Monday as state-run lenders rallied after State Bank of India reported better-than-expected asset quality in July-September, raising hopes for a revival in a sector laden by bad loans.

State Bank of India provisionally ended 5.5 per cent higher after earlier marking its highest intraday level since April 2011, while Bank of Baroda rose 4.4 percent.

The Sensex rose as much as 0.57 per cent to an all-time high of 28,205.71 before ending 0.47 per cent higher. The Nifty closed 0.49 percent up after earlier hitting a record high of 8,438.1.

( Source : reuters )
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