Markets@Moneycontrol: Sensex closes 178 points higher, Nifty holds 10,800

Benchmark indices ended at fresh record closing highs despite late volatility on Thursday, but the broader markets underperformed by huge margin.

Private banks helped the market see record closing high after sources told CNBC-TV18 that the government may be considering allowing 100 percent FDI in banking sector, but PSU banks wiped out gains in last hour of trade.

Index heavyweights HDFC and ITC also led the market higher, but selling pressure in oil & gas, metals, telecom and select auto stocks capped gains.

The 30-share BSE Sensex surged 425.54 points to hit all-time high of 35,507.36 intraday, before closing up 178.47 points at 35,260.29.

For more, watch the Markets@Moneycontrol show as Moneycontrol correspondent Uttaresh Venkateswaran decodes what moved the markets today.

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