Indian shares end at record closing high; SBI top gainer

12:21 PM	
				
 		
 	
 	 						
			
	Performance of BSE 50 stocks

The broader NSE Nifty closed up 0.63 per cent at 10,077.10, a record closing high, and notched up a monthly gain of 5.84 per cent.

State Bank of India closed higher by 4.58% at Rs 312.80 per share.BSE Mid-cap index closed higher by 0.39% at 15,389.

On the other hand, Sun Pharmaceutical Industries (3.47%), Dr Reddy'S Laboratories (3.11%), I T C (2.09%), Cipla (1.18%), Coal India (0.99%), and G A I L (India) (0.80%) were the major losers in the Sensex.

However, the BSE market breadth was bearish with 1,438 declines and 1,247 advances.

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The volume chart was led by Birla Power Solutions with trades of over 12.09 million shares.

Nifty Bank breached 25,000 level and ended the day at 25,103.65, its record high level as banking stocks hogged the limelight ahead of RBI policy meet scheduled for August 2-3, 2017.

State Bank of India rose 4.5 per cent to Rs 312.50 after it revised its saving bank rate to 3.5 per cent from 4 per cent for deposits below Rs 1 crore. Meanwhile, the Bombay Stock Exchange touched a high of 32,452.42 points, after ending 73 points down on Friday ta 32,309.88.

Jewellery stock glittered in today's trade. The company reported a 46% increase in consolidated net profit for the June quarter. Japan's Nikkei, however, fell. Brent crude futures were at $52.85 per barrel, up 33 cents or 0.6 per cent.

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