Monday Indian stock market updates| Private banks under pressure

Equity benchmarks climbed to a new record high with the Sensex rising 200.64 points to 27227.34 and the Nifty gaining 54.60 points to 8141.45 supported by banks, oil & gas, technology and FMCG stocks. The BSE Midcap and Smallcap indices advanced 0.5 percent and 1 percent, respectively. About three shares advanced for every share declining on the Bombay Stock Exchange.

Shares of ITC, ICICI Bank, HDFC Bank, L&T, Reliance Industries, TCS, Infosys, HUL, Tata Motors, Sun Pharma and SBI gained 0.7-1.4 percent whereas Maruti, BHEL and Tata Power down 0.3-0.5%. 

Private banks and auto stocks saw selling pressure while technology and steel stocks gained strength.

Tech Mahindra hit a record high of Rs 2,521.80 during the day, though it closed flat.