What a day for Indian markets! A 500-point climb but then the rally fizzled out towards the close of the session. But, stay put as this rally has more legs before we see the momentum fizzling out.

The S&P BSE Sensex closed above 38,000 for the first time since September 14, 2018, while the Nifty50 also reclaimed 11,400 for the first time since September 18, 2018, and is all set to hit higher target towards 11,500 levels.

The market rallied for 5 straight days post LS poll announcement, for the first time in at least 15 years, CNBC-TV18 data showed.

Indian markets end at a fresh 6-month high fuelled by gains in banking space. The NiftyBank posted a record close and recorded the biggest weekly gain since May 2016.