The BSE Sensex and Nifty surged to record highs on Tuesday on strong buying in state-owned banks and metal companies on expectations of a rebound in economic activity.
The benchmark BSE Sensex was trading 0.17 percent higher at 28,226.59 after hitting a new high of 28,282.85 as of 11:34 a.m.
The broader Nifty was up 0.09 pct at 8,438.40 after touching a record high of 8,454.50 earlier in the day.
Gains were supported by foreign inflows through exchange-traded funds, traders said.
Overseas investors bought shares worth $106.28 million on Monday, adding to $1.66 billion in fresh inflows so far this month.
NSE's public sector bank index was 0.76 percent higher, led by gains in Punjab National Bank
Among mining and metal companies, Sesa Sterlite Ltd
In other news, the finance minister emphasised need for incremental reforms, saying many small steps often make a bigger bang than the so-called 'big bang reforms', Citigroup said in a report.
