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NSE index ended above the 9,300 level for the first time on Tuesday, helped by a string of strong quarterly results, including from Reliance Industries Ltd, and positive global cues.
The broader NSE index closed up 88.65 points or 0.96 per cent at 9,306.60. The index earlier hit a record high of 9,309.20, surpassing its previous milestone set on April 5.
The benchmark BSE index ended 287.40 points or 0.97 per cent higher at 29,943.24, its highest close since April 5.
Domestic sentiment was also buoyed as rupee hit 64.20 against the dollar (intra-day) at the forex market.
Among BSE sectoral indices, FMCG index was the star-performer and was up 1.67 per cent, followed by realty 1.26 per cent, oil & gas 1.23 per cent and auto 1.15 per cent.
Top five Sensex gainers were M&M (+3.4%), Axis Bank (+3.4%), Bharti Airtel (+3.18%), Hero MotoCorp (+2.93%) and Asian Paints (+2.4%), while the major losers were TCS (-0.76%), Cipla (-0.58%), GAIL (-0.39%), NTPC (-0.3%) and HDFC Bank (-0.08%).
Reliance Industries Ltd climbed as much as 3.6 per cent to its highest since May 2008, making it the biggest gainer on the NSE index, after the oil-to-telecoms conglomerate on Monday posted a 12.8 per cent rise in fourth-quarter profit, beating expectations.
Sentiment was also bolstered as Asian markets hit multi-year highs, reflecting the return of risk appetite after a centrist victory in the first round of the French presidential election.
“Global markets have been very positive on news from the French election,” said Tirthankar Patnaik, India strategist, Mizuho Bank.
Quarterly results have also been decent so far, adding to the optimism in the market, he said.
Asian shares
Asian equities advanced on Tuesday as the return of risk appetite following a centrist victory in the first round of the French presidential election lifted several regional markets to multi-year highs, while the euro retained most of its overnight gains.
Safe-haven assets, including the yen and gold remained under pressure, while the Canadian dollar fell after the US announced new duties averaging 20 per cent on Canadian softwood lumber imports. The Canadian currency tumbled to a four-month low as the US dollar strengthened 0.4 per cent to C$1.3554.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.35 per cent to its highest level in more than three weeks, marking four straight days of gains.
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