Sensex has hit 85,000 points for the first time, extending its rally for the third day with an upward push from steelmakers and automakers. Nifty is also nearing the 26,000-mark. While Sensex climbed to its all-time peak of 85,052 points during the day, Nifty hit a new record high of 25,978.
The biggest gainers among the 30-share Sensex pack were Tata Steel, JSW Steel, Powergrid and HDFC Bank, while the losers included Hindustan Unilever, Infosys and Bajaj Finance.
Sensex had crossed the 84,000-mark only four days ago and the 83,000-mark on September 12. It breached 82,000 on August 1 and 81,000 on July 18. The record run from 80,000 to 85,000 points came in less than 12 weeks.
The market had dropped in early trade on Tuesday, but regained the lost ground amid a sharp rally in Asian markets. Seoul, Tokyo, Shanghai and Hong Kong were all trading higher in the green while US markets ended in the green on Monday.