Bulls had a field day on Thursday with stock markets scaling new highs. The BSE Sensex hit a 61,000-mark for the first time ever, ending the day at 61,305.95, up over 568 points or 0.94 per cent, while the broader market Nifty50 ending at 18,338.55, up by almost 1 per cent or 177 points. On the intraday basis it touched an all-time high of 18,350.75.

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The current strength in the stock markets is primarily due to the IT and banking stocks, market expert Avinash Gorakshakar said. ICICI Bank and Axis Bank which are due to announce their July-September results are expected to put up a strong show, he opined. He was also bullish on the State Bank of India (SBI).

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The stock has seen a rally over the last three trading sessions.