The bulls continues their upward momentum as equity benchmarks have start the day on a strong note, with Nifty, Sensex and Nifty Bank opened at record high. Sensex touched 38,000 for the first time, while Nifty is trading around 11,500.
The Sensex is up 117.47 points at 38,005.03, and the Nifty up 27.70 points at 11,477.70. About 671 shares have advanced, 348 shares declined, and 61 shares are unchanged.
All sectoral indices are trading in the green, with maximum gain seen in metal, energy and PSU banks.
HPCL, BPCL, IOC, Axis Bank, SBI, Hindalco, Vedanta, Selan Exploration are the gainers, while Lupin, Dr Reddy's Lab, Titan, Ashok Leyland, NMDC are on the losing side in the morning trade.