Final Trade: Sensex closes up 205 points, IT stocks gain momentum

Stock Market: Strong action was seen in the stock market on the second trading day of the week. Market major indices touched new life highs on strong buying in banking stocks in the first half. BSE Sensex crossed 67000 for the first time. Similarly, Nifty also made a high of 19,819 in intraday. But in the second half, a sharp fall in the shares of banking, especially PSU banks and weakness in the global market put pressure on the market.