Benchmark Sensex spurted 418 points to settle at more than a six-month high, while the Nifty closed above the 17700 mark on Tuesday on positive domestic macroeconomic data and gains in global markets.
Buying in index majors Reliance Industries and ITC also added to the optimism in equities.
Climbing for the second straight session, the 30-share BSE Sensex jumped 418.45 points or 0.67 per cent to settle at 63143.16, a level not seen since December 1 when the barometer closed at an all-time high. During the day, the index advanced 452.76 points or 0.72 per cent to 63177.47.
The NSE Nifty climbed 114.65 points or 0.62 per cent to end at 18716.15.
From the Sensex pack, ITC, Titan, Asian Paints, Reliance, Tata Steel, Bajaj Finserv, Axis Bank, Hindustan Unilever, Infosys, Bajaj Finance, Nestle and ICICI Bank were the major gainers.
Kotak Mahindra Bank, Mahindra & Mahindra, HCL Technologies, State Bank of India, Bharti Airtel and Tata Motors were among the laggards.
Meanwhile, tyre maker MRF on Tuesday reached a new milestone as its stock hit Rs 1 lakh mark during the day.
The stock went up to Rs 1,00,300 — also its 52-week high level — on the BSE during the day. Shares of the company ended at Rs 99,950.65, a gain of 1.02 per cent. In intra-day, it climbed 1.37 per cent to Rs 1,00,300.
