The BSE Sensex on Wednesday surged over 500 points to hit an all time high of 33,117.33 in the opening session after the finance ministry Arun Jaitley on Tuesday announced a Rs 2.11 trillion bank recapitalisation plan for state-owned lenders.
The 30-share Sensex soared 509.99 points, or 1.56 per cent, to quote at an all-time high of 33,117.33 points, breaching its previous record high (intra-day) of 32,699.86 hit on October 17.
The gauge had gained 224.41 points in the previous two straight sessions.
The broader NSE’s Nifty, too, rose in the morning hours.
The 50-share Nifty also hit a historic high of 10,340.55 by climbing 132.85 points, or 1.30 per cent. It also smashed previous record (intra-day) of 10,251.85 points reached on October 17.
Among the PSU banks, Punjab National Bank, Bank of India, Union Bank of India, Bank of Baroda, Canara Bank, Oriental Bank of Commerce, IOB, IDBI Bank, Andhra Bank, UCO Bank and Bank of Maharashtra were at the centrestage and recorded gains by up to 30 per cent.
The 30-share BSE Sensex gained 387.96 points to open on 32,995.28 and the 50-share NSE Nifty gained 113.45 points to open on 10,321.15. Both the indices extended gains with Sensex breaching the 33,000-mark to touch the peak of 33,117.33 and Nifty scaling a fresh high of 10,340.55.