BENGALURU, Dec 28 Reuters India39;s benchmark indexes hit fresh alltime highs on Thursday as strong domestic data lifted heavyweight financial stocks amid a global rally.
The Nifty 50 index rose 0.57 to 21,778.70 points, while the SP BSE Sensex advanced 0.52 to 72,410.38 points.
The 50member Nifty index has now hit a record high in 13 of 19 sessions in December. It gained over 8 so far in the month, on track for its best month since July 2022.
The country39;s financial subindexes, such as banks, private banks, public sector banks and topweighted financials, rose between 0.3 and 1 after a Reserve Bank of India RBI report on Wednesday showed that Indian banks39; gross nonperforming asset GNPA ratio continued to improve in the second quarter of the current financial year.
Indian market has taken the RBI39;s report as a positive assurance, signifying that overall position of the financial sector remains stable. said Narendra Solanki, head of fundamental research of investment services at Anand Rathi Shares and Stock Brokers.
HDFC Bank and Reliance Industries gained 0.1 and 0.7 each.
The Nifty PSE index was the top percentage gainer of the day, appreciating 2.4, with most stateowned oil marketing companies rising on the back of steady global oil prices.
Among individual stocks, Sula Vineyards gained 4.7 after the company recorded highest number of visitors over the Christmas weekend.
Housing and Urban Development Corp Ltd extended Wednesday39;s gains to close 12.3…