Equity benchmark indices Sensex and Nifty hit their all-time high levels on Thursday, driven by a fag-end rally in index majors Reliance Industries and Tata Motors.
Robust buying in energy and FMCG stocks also supported the domestic equities, traders said.
The 30-share BSE Sensex jumped 349.05 points, or 0.43 per cent, to settle at an all-time closing high of 82134.61, extending its winning momentum to the eighth day in a row. During the day, it soared 500.27 points, or 0.61 per cent, to hit a lifetime intra-day peak of 82285.83.
The BSE gauge has surged 1709.93 points, or 2.12 per cent, in eight straight trading sessions.
Rallying for the 11th straight session, the NSE Nifty surged 99.60 points, or 0.40 per cent, to settle at a new closing high of 25151.95. During the trade, the benchmark climbed 140.55 points, or 0.56 per cent, to hit a fresh record intra-day peak of 25192.90.
In 11 trading days, the NSE Nifty has jumped 1012.95 points or 4.19 per cent.
“Markets were back in action on the expiry day after range-bound sessions, as benchmark indices hit fresh intra-day lifetime highs led by gains in Reliance Industries, which announced a 1:1 bonus issue," Prashanth Tapse, senior VP (research), Mehta Equities Ltd, said
“Markets were volatile and had slipped into the red in mid-session, but rebounded in late trade as investors cheered the bonus issue announcement by RIL, which led to buying action in other select frontline stocks.”
Among the 30 Sensex firms, Tata Motors jumped over 4 per cent, followed by Bajaj Finserv, Bajaj Finance, HCL Technologies, ITC, Reliance Industries, Tech Mahindra, Maruti and SBI.
Mahindra & Mahindra, Sun Pharma, JSW Steel, Kotak Mahindra Bank, Infosys and Tata Steel were among the biggest laggards.