Bank Nifty touched fresh record high of 19,410.40 intraday today, up 533.85 points or 2.87 percent to 19,137.65 as ICICI Bank, HDFC Bank, State Bank of India and Axis Bank rallied 2-4 percent.

Equity benchmarks maintained uptrend by rising 1.6 percent in morning trade as Reserve Bank of India slashed repo rate by 25 basis points to 7.75 percent ahead of its February policy. Banking & financials, realty, auto and capital goods stocks gained strength.

The 30-share BSE Sensex climbed 439.07 points to 27785.89 and the 50-share NSE Nifty Nifty jumped 133.30 points to 8410.85. More than 3 shares advanced for every share declining on the Bombay Stock Exchange. Bank Nifty touched fresh record high of 19,410.40 intraday today, up 533.85 points or 2.87 percent to 19,137.65 as ICICI Bank, HDFC Bank, State Bank of India and Axis Bank rallied 2-4 percent.

The Indian rupee appreciated by 38 paise to 61.80 a dollar post RBI rate cut. Globally, Asian markets were mixed with the Shanghai and Nikkei rising 1 percent each. In commodities, Brent crude fell 0.94 percent to USD 48.23 a barrel, recovering from its six-year low of around USD 45 a barrel. US crude was down 0.7 percent to USD 48.14 a barrel.

Coustery : http://www.moneycontrol.com/news/local-markets/sensex-holds-400-pts-gains-bank-nifty-hits-record-high_1275050.html