Equity benchmarks darted up to fresh lifetime highs on Tuesday, propelled by heavy buying in banking, finance and metal stocks amid supportive global cues.
Rising for the second straight session, the 30-share BSE Sensex soared 403.19 points or 0.73 per cent to end at its lifetime peak of 55,958.98.
On similar lines, the broader NSE Nifty surged 128.15 points or 0.78 per cent to its all-time closing high of 16,624.60.
Bajaj Finserv was the star performer in the Sensex pack, climbing 7.91 per cent after the company received in-principle approval from Sebi for sponsoring a mutual fund.
Tech Mahindra, Tata Steel, Bajaj Finance, HDFC Bank, SBI and ICICI Bank were the other prominent winners, spurting up to 3.41 per cent.
On the other hand, Nestle India, HDFC, Infosys, HCL Tech, Asian Paints, Kotak Bank were among the laggards, shedding up to 1.34 per cent.
“Domestic equities recovered sharply today mainly led by strong rebound in financials and metals. Further, positive cues from global equities also supported markets....Notably, short coverings ahead of F&O expiry also aided some high beta stocks to witness sharp recovery today.