Sensex pares intra-day gains but settles at record high; PSU Banks lead

Nifty50 ends 1 point below its previous all-time closing high of 9,675.10 hit on June 5

Benchmark indices climbed off day's high in the last leg of trade but still settled higher with Sensex closing at record high and Nifty settling above 9,650 on the back of strong recovery in PSU banks. Hopes of positive quarterly earnings and -free roll-out of the goods and services tax (GST) also lifted sentiment.
 
On the contrary, most Asian stock markets fell on Thursday after minutes from the Federal Reserve's last meeting showed a lack of consensus on the future pace of US interest rate increases, while oil prices inched higher following a steep decline a day earlier.