Four reasons why the Sensex, Nifty hit all-time high on Tuesday

Benchmark indices, the S&P BSE Sensex and the Nifty50, scaled fresh peak on Tuesday amid brisk buying in financials, auto and fast moving consumer goods (FMCG) counters. The S&P BSE Sensex hit a fresh lifetime high of 39,364.34 in intra-day trade, while the broader Nifty50 surpassed 11,800 mark to hit a new high of 11,810.95. However, both indices trimmed gains and ended the day at 39,276 and 11,787 levels.

ICICI Bank, HDFC Bank, L&T, IndusInd Bank, Reliance Industries (RIL) and ITC contributed the most to the S&P BSE Sensex's gains.

“Indian markets had a dream run over the last few weeks on