The BSE Sensex rallied 347 points to hit a record intra-day high of 40,816.38 on Wednesday lifted by buying in index heavyweights such as Reliance Industries, Bharti Airtel and ICICI Bank. The new high was primarily propelled by a rally in index-heavyweight Reliance Industries which scaled a fresh intra-day peak in opening session.
NSE Nifty, too, reclaimed the 12,000 mark. It then retreated from the day's peak to trade 40.65 points, or 0.34 per cent, up at 11,980.75.
Shares of Reliance Industries (RIL) rallied nearly 4 per cent to hit their lifetime high of Rs 1,571 (intra-day), inching closer to the Rs 10 lakh crore market-capitalisation level. Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in compliance with rules, as it followed similar announcements by Bharti Airtel and Vodafone Idea on tariff hike.
Other gainers in the Sensex pack included IndusInd Bank, Sun Pharma, L&T, Bharti Airtel, TCS, Maruti and Bajaj Finance.
While, Yes Bank, Bajaj Auto, NTPC, Infosys, ITC, Kotak Bank and HUL were trading in the negative terrain.