India’s benchmark indices surged to record highs on Monday, propelled by gains in private banking stocks.

The Sensex breached the 76,000-mark for the first time, hitting 76,010, while the NSE Nifty50 scaled a new summit at 23,111 before retracting into negative territory.

At the end of Monday’s trading session, the Nifty50 closed at 22,932.55, down 0.11%, and the BSE Sensex closed at 75,364.60, marking a dip of 0.06%.

Top Nifty gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports. The losers were Adani Enterprises, Wipro, Grasim Industries, ONGC, and SBI Life Insurance.

Sectorally, banking, realty, and Information Technology indices rose by 0.5 percent each, while oil & gas, power, and media indices fell by 0.5-1 percent.

The BSE midcap index increased by 0.6 percent, while the smallcap index ended flat.