The Bombay Stock Exchange benchmark Sensex finally crossed the 15,000 points level at mid-session on easing concerns of interest rate hike by the central bank.
A major support to the market came from sectors like cement, capital goods and auto, but received the final push from the information technology and communications sector. The key index was trading at 15, 007.22 points at 1330 hrs.
In similar manner, the second wide-based National Stock Exchange index Nifty also set an intra-day record at 4,411 points.
Buying activity was brisk, disregarding reports of inflation rate rising to 4.13 per cent in the week ended June 23 and the Bank of England hiking interest rate.
The benchmark Sensex, which had been teasing brokers' sentiments by nearing the psychological 15,000 points level in intra-day trading for the last few days, was propelled past the 15K level on reports that government was planning to give a relief package to exporters battling the appreciating rupee.
"The Indian market looks overvalued compared to other emerging markets, but overall it seems fairly valued," said Umesh Karne, Research Analyst, Emkay Shares and Stock Brokerage.
Meanwhile, Asian markets exhibited mixed trend but showed smart recovery after resuming weak. The Shanghai Composite was quoted up by 165.48 points and the Hang Seng by 249.18 points after 1.30 pm.
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