The NSE Nifty 50 Index on Tuesday jumped 116 points to a record high of 11,808 and ended 97 points higher in the end. The 30-share index rose 432 points to 39,337 in the early session and settled at 39,276 by jumping 370 points.
Top gainers include ICICI Bank, Tata Consultancy Services, HDFC Bank, Reliance Industries and Larsen and Toubro.
On the other hand, Bharti Airtel, Infosys, Tata Motors, Tata Steel and HUL were the only losers in the Sensex pack, shedding up to 0.65 per cent.
In the early session, the Sensex was trading 239.11 points or 0.61 per cent higher at 39,144.95, and the NSE Nifty was trading 63.35 points, or 0.54 per cent, up at 11,753.70.
In the previous session, the BSE index settled 138.73 points, or 0.36 per cent, higher at 38,905.84, while the broader Nifty rose 46.90 points, or 0.40 per cent, to close at 11,690.35.
Top gainers in the Sensex pack were IndusInd Bank, ICICI Bank, ONGC, L&T, Maruti, Asian Paints, Bajaj Auto, Hero MotoCorp, M&M, Kotak Bank, TCS and Axis Bank, ending up to 3.96 per cent higher.
On the other hand, PowerGrid, Infosys, Tata Motors and Coal India close up to 0.63 per cent lower.
Elsewhere in Asia, markets in Japan, China and Korea ended on a positive note. In Europe, bourses in Germany, France and the UK were trading in the positive terrain in early deals. Global crude oil benchmark Brent futures fell 0.11 per cent to USD 71.10 per barrel.
Meanwhile, the Indian rupee depreciated 24 paise to 69.67 against the US dollar intra-day.