Nifty and Sensex reached new all-time highs.
During afternoon trade, the 30-share BSE Sensex increased 541.25 points to reach a new lifetime high of 77,882.33. The Nifty increased by 130.8 points, reaching 23,668.65, a new record high.
Tuesday saw benchmark equity indices Sensex and Nifty reach fresh all-time highs as a result of buying in blue-chip bank stocks and following solid trends in Asian markets.
During afternoon trade, the 30-share BSE Sensex increased 541.25 points to reach a new lifetime high of 77,882.33. The Nifty increased by 130.8 points, reaching 23,668.65, a new record high.
Axis Bank, HDFC Bank, ICICI Bank, UltraTech Cement, State Bank of India, and Kotak Mahindra Bank were the top gainers among the 30 Sensex companies.
Among the laggards were Adani Ports, Power Grid, Tata Steel, and Asian Paints.
Shanghai quoted lower while Seoul, Tokyo, and Hong Kong saw higher trade in Asian markets.
On Monday, US markets concluded with a mixed result.
The Reserve Bank of India announced on Monday that the country's current account surplus for the March quarter was USD 5.7 billion, or 0.6% of GDP.
The vital indicator of the nation's external strength has entered surplus mode for the first time in ten quarters.
"From a market standpoint, the current account turning surplus in Q4 FY24 is good news. When clarity regarding the Fed rate cuts emerges, this will relieve pressure on the rupee and open the door for FII inflows, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The benchmark for global oil, Brent crude, fell 0.06 percent to USD 85.96 a barrel.
According to exchange statistics, foreign institutional investors (FIIs) offloaded stocks on Monday worth Rs 653.97 crore.
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