Indian markets moved higher today, extending this month’s rally that has pushed benchmark index Sensex closer to its record high. The Sensex today rose as much as 139 points to 38,526, less than 500 points away from its all-time high of 38989, hit in August last year. Broader index Nifty jumped 0.50% to 11,566.  Banking stocks were in the limelight today, with the sectoral index, Bank Nifty, hitting the important milestone of 30,000. Among the banking pack, PNB, Yes Bank, RBL Bank and Axis Bank were among the top gainers.

This month’s rally, which has pushed up the Sensex by over 7% or 2,600 points, is in sharp contrast to Indian markets’ sharp underperformance in the first two months of this year as compared to other global markets.

Mar 22, 10:20 AM (IST)
Buzzing: Shares of The Investment Trust of India rallied 17 percent after the company on March 20 bought back equity shares worth Rs 54.36 crore of ITI Reinsurance, making it a wholly-owned subsidiary of the company.

Mar 22, 10:02 AM (IST)
Gold Update: Gold extended losses on Friday, moving further away from a three- week peak hit in the previous session, as appetite for riskier assets improved on upbeat US economic data, while the metal was still on path for a third straight weekly gain.

Mar 22, 09:53 AM (IST)
JUST IN | Fitch sees India FY20 GDP growth at 6.8% and 7.1% in FY21.

Mar 22, 09:46 AM (IST)
The logical target for Nifty is 10,649 but I would watch crucial support at 11,450 and trade long, said Prakash Gaba of prakashgaba.com.

The Nifty Bank unfolded stretched and climbed towards our target of 30,000 and has closed in the green. I would just watch crucial support at 29,550 and trade long. The logical target beyond 30,000 is 30324.

source: moneycontrol.com