BSE Sensex jumped over 200 points in early trade to hit its record high of 41,108, and NSE Nifty surged 12,126 amid foreign fund inflow and positive global cues.
The 30-share index was trading 218.82 points, or 0.54%, higher at 41,108.05. Similarly, the broader Nifty rose 51.55 points, or 0.43%, to 12,125.50.
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Top gainers included Yes Bank which rose up to 1.57%, Tata Steel 1.54 %, Sun Pharma 1.45%, ICICI Bank 1.48%, Infosys 1.10% and RIL 0.76%.
While Bharti Airtel fell up to 1.73%, Kotak Bank 0.40%, Bajaj Auto 0.33%, L&T 0.22% and Hero MotoCorp slipped 0.05%.
On Monday, the Sensex ended 529.82 points, or 1.31%, higher at 40,889.23 — its all-time closing peak. Likewise, the Nifty closed with a gain of 159.35 points, or 1.34 per cent, at 12,073.75 — just shy of its life-time closing high.
According to experts, market is on a high tracking sustained buying from foreign investors over last couple of weeks, easing global worries on the trade tariff front, new developments over divestment to curb fiscal deficit and expectations of cut in interest rate by the Reserve Bank of India.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading on a mixed note.