Rallying for the sixth day in a row, the NSE Nifty climbed 211.90 points or 0.81 per cent to close at a
From the 30 Sensex firms, Maruti jumped nearly 5 per cent. Tata Motors, Bajaj Finserv, Mahindra & Mahindra, Tata Steel, JSW Steel, UltraTech Cement, Bajaj Finance and Nestle were the other big gainers.
Larsen & Toubro and NTPC were the laggards.
Asian markets had a fantastic day at trade, with exchanges in Seoul, Tokyo, Shanghai and Hong Kong settling with significant gains.
European markets were trading in the positive territory. The US markets ended mostly lower on Wednesday.
Foreign Institutional Investors (
"There are no immediate near-term triggers that can take the market sharply up or down. Up moves may attract selling by FIIs who are likely to move some more money to China and Hong Kong since these markets are cheap and are witnessing an uptrend now," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
But FII selling is unlikely to push the market down significantly since the ample domestic liquidity can easily absorb such selling, Vijayakumar said.
Global oil benchmark Brent crude declined 1.80 per cent to USD 72.14 a barrel.
The BSE benchmark climbed 255.83 points or 0.30 per cent to settle at an all-time high of 85,169.87 on Wednesday. The Nifty climbed 63.75 points or 0.25 per cent to close at a record high of 26,004.15.
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