The BSE Sensex
surged nearly 105 points to close at an all-time high, on heavy foreign fund inflows in bluechips, amid speculation that the US Fed would maintain its monetary stimulus when they conclude a meeting on Wednesday.
Continuing gains after Tuesday's
359-point rally following the Reserve Bank of India's policy, the 30-share index shot up by 104.96 points, or 0.50 per cent to 21,033.97 - eclipsing the previous record close of 21,004.96 on November 5, 2010.
The Sensex's intra-day high of 21,206.77 was hit on January 10, 2008.
Brokers said the trading sentiment continued to be
bullish on expectations of liquidity enhancement after
RBI cut marginal standing facility (MSF) to 8.75 per cent in its monetary policy review on Tuesday.
Meanwhile, the wide-based National Stock Exchange index Nifty rose by 30.80 points, or 0.50 per cent, to 6,251.70, after touching the day's high of 6,269.20. Also, SX40 index, the flagship index of MCX-SX, closed 69.68 points up at 12,514.81.
"Continued buying from FIIs and greater risk appetite of investors at higher levels is leading to this rally," said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio.
Foreign funds have
continued to buy domestic stocks for 18 straight sessions till Tuesday, encouraging domestic participants to increase bets, experts said.
Sectorally, the BSE Healthcare sector index gained the most by rising 1.19 per cent, followed by FMCG (1.12 per cent), TECK (0.66 per cent), Power (0.51 per cent) and realty (0.47 per cent).
Bharti Airtel zoomed by 5.23 per cent after the company posted better-than-expected operating performance. Other contributors to the Sensex were ITC, ICICI Bank, HDFC, Dr Reddy's Lab., TCS and Bajaj Auto.
A firming trend in the Asian region and higher opening in Europe before the outcome of US Federal Reserve's meeting where the $85 billion a month monetary stimulus is expected to be maintained, also influenced the Indian market sentiment.
With inputs from PTI
Special 
