Sensex on Wednesday rose 121 points to end at a new peak of 26,147.33 extending its winning run to seventh session, its longest since September 2012, boosted by gains in IT and banking bluechips on upbeat earnings, higher capital inflows and positive global cues.
The NSE Nifty barometer rose 27.90 points, or 0.36 per cent, to end at yet another record close of 7,795.75. The Nifty also hit new all-time intra-day peak of 7,809.20, surpassing its previous record of 7,808.85 hit on July 8.
Software giant TCS attained a market valuation of over Rs 5 lakh crore for the first time, helped by a 2.21 per cent rally in the stock. Infosys was the best gainer on Wednesday among the 30-share Sensex as it jumped nearly 3.5 per cent. Its peer, Wipro inched up by 1.9 per cent.
"Selective buying in index heavyweights and particularly IT sector maintained buying momentum on the bourses," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.