MUMBAI: The benchmark Sensex rose 121 points to end at a new closing high of 26,147.33 extending its winning run to seventh session, its longest since September 2012, boosted by gains in IT and banking shares on upbeat earnings, robust capital inflows and positive global cues.

The NSE Nifty rose 27.90 points, or 0.36 percent, to end at yet another record close of 7,795.75, crossing its previous peak of 7,787.15 (July 7). It also hit new intra-day peak of 7,809.20, surpassing level of 7,808.85 hit on July 8.

IT stocks firmed up on positive economic data in the US, the biggest outsourcing market for the Indian IT firms.

Good Results by major IT firms also boosted the sentiment.

Country's second largest software services exporter, Infosys, was the top Sensex gainer with a rise of 3.46 percent and contributed over 60 points to the surge. TCS attained its record market valuation of Rs 5 lakh crore helped by over 2 percent spike in stock value. Wipro shares also rose.

In banking, ICICI Bank and SBI witnessed good buying.

Total market breadth, however, was negative following selling in second-line stocks by retail investors.

""Markets kissed new highs as firmness in Asian and European stocks after better-than-expected data in the US boosted sentiments. On domestic front, consistent FII inflows and healthy earnings also helped," said Jayant Manglik, President-retail distribution, Religare Securities.

Traders said sustained capital inflows kept the market tempo strong as Foreign Institutional Investors (FIIs) injected Rs 412.03 crore yesterday as per provisional data.