The BSE Sensex and NSE Nifty 50 indexes closed at record highs on Tuesday aided by gains in state-run banking, auto and realty stocks.
The Sensex ended 248 points higher to close at an all-time high of 49,517 and Nifty 50 index advanced 79 points to settle at 14,563.
A 3 per cent gain each in Reliance Industries and State Bank of India lifted benchmark indices to fresh peaks for 12th straight session on Tuesday. The S&P BSE Sensex and Nifty touched 49,569 and 14,591 in the intra-day session today on the back of rally in the two heavyweights along with HDFC Bank, ITC, Bharti Airtel, and Axis Bank.
The Nifty PSU Bank index jumped 6 per cent on the NSE, shrugging off NPA concerns highlighted by the Reserve Bank of India a day earlier. J&K Bank and Bank of Baroda each surged 10 per cent on the NSE today. Besides, Bank of India, Canara Bank, and Indian Ban gained up to 7 per cent. Likewise Pharma, IT and FMCG stocks faced selling pressure on account of profit booking.