BSE Sensex, Nifty surge to record highs; Axis Bank up

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Reuters MUMBAI
Last Updated : Apr 21 2014 | 4:15 PM IST

MUMBAI (Reuters) - The Sensex and Nifty hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about potential losses in the sector's bond portfolios.

Sentiment also got a boost after the Supreme Court allowed resumption of mining in Goa, sending shares in miners such as Sesa Sterlite surging.

The Sensex provisionally closed up 0.6 percent at 22,764.83, after hitting an all-time high of 22,795.58. The Nifty provisionally rose 0.56 percent to close at 6,817, after hitting an all-time high of 6,825.45 during trade.

(Reporting by Indulal PM; Editing by Anupama Dwivedi)

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First Published: Apr 21 2014 | 4:02 PM IST

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