
The benchmark indices have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.
Earlier on Monday, BSE Sensex settled on a closing all-time high post hitting an intraday record high in the late trade.
Today, the benchmark BSE Sensex jumped over 150 points to record a new high of 36,869.34 in early tradeon strong Asian cues amid buying by domestic institutional investors (DIIs).
The market rally was driven by strong activity on the metal, oil and gas, PSU, infrastructure, banking, FMCG and capital goods counters, rising up to 0.88 per cent.
The 30-share BSE index spurted by 150.74 points, or 0.41 per cent, to hit a new high of 36,869.34, surpassing its previous record of 36,749.69 clocked yesterday.
The gauge has gained 367.37 points in the past two sessions.
The 50-share NSE Nifty also rose 41.15 points, or 0.37 per cent, to 11,125.90.
Major gainers include Maruti Suzuki, Tata Motors, HUL, M&M, Tata Steel, Adani Ports, L&T, ICICI Bank, Coal India, IndusInd Bank, HDFC Bank, Infosys, Power Grid, Kotak Bank, SBI, Asian Paints, HDFC, Axis Bank, Sun Pharma and ITC, rising up to 1.42 per cent.
Foreign portfolio investors (FPIs) bought shares worth a net of Rs 259.37 crore and DIIs bought shares worth a net of Rs 124.82 crore yesterday, provisional data showed.
Traders said positive cues from other Asian markets and sustained foreign capital inflows, influenced sentiments here.
Japan's Nikkei rose 0.60 per cent, Shanghai Composite Index 1.59 per cent and Hong Kong's Hang Seng 1.50 per cent in early trade.
The US Dow Jones Industrial Average ended 0.06 per cent lower yesterday and Nasdaq closed up 0.28 per cent.
On Monday, the flagship BSE Sensex rallied to a fresh life-time high of 36,749.69 before settling at 36,718.60 — its record closing level too — on the back of strong gains in banking and FMCG stocks after the GST Council reduced rates on a number of products.