Indian equity indices ended at a record high on Thursday after a robust rally in the auto and IT stocks.
At intraday, both Sensex and Nifty touched a fresh all-time high of 82,285 and 25,192 respectively.
The 30-share BSE Sensex ended 349 points or 0.43 per cent higher at 82,134 while NSE Nifty rose 99 points or 0.40 per cent to 25,151.
In comparison to largecaps, selling was witnessed in the midcap and smallcap stocks.
The Nifty Midcap 100 index settled at 58,883, down 262 points or 0.44 per cent, while Nifty Smallcap 100 index was down at 19,214, shedding 105 points or 0.54 per cent.
Tata Motors, Bajaj Finance, Bajaj Finserv, HCL Tech, ITC, Reliance, Tata Mahindra, Maruti Suzuki, Wipro, SBI, Bharti Airtel and HUL were the major gainers in the Sensex pack. Major losers were M&M, Sun Pharma, JSW Steel, Kotak Mahindra, Tata Steel, Infosys, UltraTech Cement and ICICI Bank.
Recently listed OLA electric shares saw a rough ride to close at Rs 120.28, down 4.30 per cent.
On the NSE indices, biggest gainers were: Auto, IT, PSU Bank, fin service, FMCG and energy, while biggest losers were: pharma, metal, media and realty.
Market experts said Indian equities started steadily and permeated a record high. The afternoon trend was rattled by volatility due to expectations of Reliance Ltd AGM, but with rapid improvement in sentiments, the broad market carried the rally to a new high till the end of the day, they said adding recent uptick in the Indian IT and FMCG stocks point to a potential soft landing of the US economy and improvement in the domestic rural consumption.
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