Benchmark indices Sensex and Nifty rebounded on Tuesday, hitting their fresh record closing levels on the back of gains in auto and FMCG shares and foreign fund inflows.
The 30-share BSE Sensex climbed 328.54 points to 80,288.92.
The NSE Nifty went up 83.45 points to hit a new record peak of 24,404.
During the day, it surged 123.05 points or 0.50 per cent to hit a new record peak of 24,443.60.
Among Sensex shares, Maruti Suzuki India jumped over 6 per cent amid reports that the UP government waived registration taxes on hybrid cars as part of its initiative to promote environmentally friendly vehicles in the state.
Mahindra & Mahindra, Titan, Sun Pharma, ITC, Nestle and Tata Motors were the other big gainers.
Reliance Industries, Kotak Mahindra Bank, Bajaj Finance and JSW Steel were among the laggards.
In Asian markets, Seoul, Tokyo and Shanghai settled higher while Hong Kong ended lower.
Foreign Institutional Investors (FIIs) bought equities worth Rs 60.98 crore on Monday, according to exchange data.
Global oil benchmark Brent crude declined 0.51 per cent to $85.31 a barrel.