Sensex gains 0.5 percent; state-run banks surge

MUMBAI (Reuters) - The BSE Sensex and Nifty rose to a record high for a fourth straight session on Thursday, as state-run lenders including State Bank of India extended their recent gains on broker upgrades and on hopes of some easing at the RBI's policy review on Tuesday.

The Nifty rose as much as 1.1 percent to an all-time high of 6,673.95, while the Sensex gained 0.96 percent to a lifetime high of 22,307.74.

State Bank of India provisionally rose 2.2 percent, while Punjab National Bank ended higher 2.4 percent.

The Sensex provisionally closed 0.48 percent higher, while the Nifty gained 0.58 percent.

 

(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)