Celebrations at Bombay Stock Exchange office after Sensex breaches 34,000 mark

While the Sensex crossed the 34,000 mark for the first time ever, the Nifty hovered above the 10,500 mark today. Photograph:( ANI )

WION Web Team New Delhi, Delhi, India Dec 26, 2017, 12.31 PM (IST)

Celebration and cheer replaced anxiety and uncertainty at the Bombay Stock Exchange (BSE) office in Mumbai, after the benchmark Sensex conquered the 34,000 mark on Tuesday's early morning trade and closed at an all-time high. 

A cake was also cut to mark the celebrations. 

The 30-share index was up for the second straight session, hitting 34,010.61, a fresh closing high- with a gain of 70.31 points, or 0.21 per cent. 

This was its highest close since Friday's 33,940.30. 

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For the 50-share Nifty, the close was a fresh peak at 10,531.50, up 38.50 points, or 0.37 per cent, dismantling its previous record of 10,493 reached on Friday.

Reliance Communications made waves with a sharp rise of 30.78 per cent after the company announced yet another debt revival plan claiming full debt resolution by March.

Reliance Industries rose 1.03 per cent, Reliance Capital 7.02 per cent and Reliance Power 3.85 per cent.

Telecom, realty, metal and healthcare made gains of up to 2.28 per cent.

The mid-cap index rose for the eighth straight session, this time 0.76 per cent, ending at a record. 

On the other hand, the small-cap index too ruled high for the seventh session, beating the Sensex with a gain of 0.64 per cent.

The analysts believe that the markets are running up on positive sentiment driven by hopes of a revival in quarterly earnings and a favourable budget.