A morning walk down Dalal Street | After a sharp rally, there is high possibility of some consolidation till May 23

The best day for Sensex, Nifty in the past 10 years. Both Sensex and Nifty surpassed their crucial resistance levels to hit fresh closing high on Monday

Investors’ wealth rose by more than Rs 5 lakh crore in just one session. The average market capitalisation of the BSE listed companies rose to Rs 151.93 lakh crore on May 20 compared to Rs 146.58 lakh crore recorded on May 17, Friday. 

Nifty Bank hit a record high of 30,827 before closing the day at 30,759, up 1,309 points. Strong gains were seen in stocks like Bank of Baroda (up 9.4 percent), IndusInd Bank (up 8.8 percent), SBI (up 7.9 percent) and Yes Bank (7 percent).

More than 50 stock hit a 52-week high on the BSE that include Bajaj Finserv, Shree Cements, Bajaj Finance, HDFC Bank, HDFC, Kotak Bank, Titan Company, Axis Bank, ICICI Bank, SBI and DCB Bank, among others.