The benchmark Sensex zoomed to a new record high of 14,806.51 points on Tuesday on heavy buying by foreign funds in blue-chip stocks led by banking and capital good segments.
The Sensex gained 142.25 points to surpass its previous closing peak of 14,664.26 points, scaled yesterday.
Earlier in the day, the index recorded an all-time intra-day high of 14,828.39 points, while beating its previous peak of 14,745.97 points achieved yesterday.
Similarly, the second wide-based National Stock Exchange index, Nifty, shot up further by 43.80 points to a record high of 4357.55, after touching an all-time intra-day high of 4365.35, and a low of 4313.55 points.
The current rally was attributed to banking and heavy-machinery stocks such as ABB, BHEL and Larsen and Toubro. Baking segment was led by stocks like State Bank of India, ICICI Bank and HDFC Bank.
The upsurge in the market was further fuelled by refinery stocks such as Reliance Industries, Indian Oil Corporation and Hindustan Petroleum following reports of an expected rise in petrol and diesel prices.
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