Sensex up 140 points at 10,735

After a brief pause on Friday, the stock market today rose to new highs with renewed buying across all segments.

Heavy liquidity and the growth impetus provided by the Budget with focus on areas like infrastructure continue to drive up the market.

Analysts said although the momentum was strong, the upcoming advance tax payment date (March 15) might bring some correction.

On Monday, the Sensex ended up 139.93 points (1.32 per cent) at 10,735.36, after touching an all-time high of 10,742.31. The Nifty closed up 43.05 points (1.37 per cent) at 3,190.40.

It touched a life-time high of Rs 3,194. The market breadth was positive with 1,414 shares advancing, 1,065 shares declining and 73 shares remaining unchanged.

Manish Sonthalia, vice-president (equity strategy), Motilal Oswal Securities, said: "The government is looking at a growth rate of 10 per cent. It plans to reduce the fiscal deficit from 4.1 per cent to 3.8 per cent. The momentum in the market is strong. However, with the advance tax date coming closer, some liquidity may move out, leading to some sort of correction, even though there is nothing wrong with the fundamentals."