The Bombay Stock Exchange (BSE) market regulator Sensitive Index (Sensex) broke record and gained 290 points earlier in the day and touched 40344.99 on Thursday.
National Stock Exchange (NSE) Nifty, too, touched the 11900 mark.
Infosys, SBI, HDFC Bank, TCS, Tata Motors, Yes Bank and Sun Pharma were some heavy gainers in the 30-share Sensex.
The rise in Sensex is due to an ambience of anticipation from the investors of cut in capital tax, dividend distribution tax and transaction tax.
Foreign fund inflow, too, flashed on the rise in stocks in the 30-share index.
However, Tata Steel, Tech M, PowerGrid and Axis Bank showed downward trend in the Sensex.