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Sensex ends above 38,000 as banking, finance stocks soar

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The 30-share BSE Sensex ended 136.81 points up at 38,024.37, on Thursday, while the broader Nifty 50 ended 21.60 points higher at 11,471.60, as banking and finance stocks soared.

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RBI’s decision to transfer Rs 50,000 crore of surplus to the Indian government, seems to have led to a buoyancy in the stock markets. In intraday trade, the Sensex rose 188.67 points to a new all time high of 38,076.23 and the Nifty 50 rose 45.2 points to a fresh record high of 11,495.20.

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