The stock markets continued on their record breaking spree on Wednesday with the Nifty breaching 11,450 for the first time ever.
The 30-share BSE Sensex closed 221.76 points up at 37,887.56, while the Nifty 50 ended 66.10 points higher at 11,455.55 led by market heavyweight Reliance Industries and banking stocks. In intraday trade, Sensex surged 265.62 points to a new high of 37,931.42 and the Nifty 50 advanced 70.5 points to a fresh record high of 11,459.95.
The rupee was trading marginally higher against the US dollar, tracking gains in local equity markets.