Mumbai: BSE Sensex and Nifty rose more than 2 per cent on Tuesday, a third consecutive record high, as stocks of companies focussed on the domestic sector surged after exit polls showed the Bharatiya Janata Party and its allies winning a majority in the elections.
The Nifty hit a record high of 7,172.35. The Sensex hit a record high of 24,068.94, surpassing the psychologically important 24,000 mark for the first time. Bharat Heavy Electricals jumped 14 percent, while Oil and Natural Gas Corp rose 4.3 per cent.
The rally was led by stocks of Coal India, Reliance Industries, SBI, ICICI Bank, NTPC, ONGC, Larsen and Toubro, ITC, Maruti Suzuki and Infosys. Stocks of PSUs, oil and gas and capital goods sectors turned investors' fancy, helping the key indices to touch historic highs.
Besides, positive global cues too triggered buying by foreign funds, they said. The power sector index gained the most by rising 4.45 per cent to 1,875.41, followed by capital goods index by 4.17 per cent to 13,450.52.
