MUMBAI: The benchmark BSE Sensex and NSE Nifty hit their new record highs by rising 204.25 points to 27,230.95 and 58.30 points to 8,145.15 respectively in early trade on Monday on emergence of heavy buying by funds and retail investors amid a firm Asian trend.

The 30-share index, which had lost 113.24 points in the previous two sessions, recovered by 204.25 points, or 0.75percent, to new peak of 27,230.95 with all sectoral indices, led by oil and gas and capital goods gaining up to 0.91percent. The National Stock Exchange index Nifty also gained 58.30 points, or 0.72 percent, to trade at fresh high of 8,145.15.

The BSE Sensex had recorded its earlier intra-day high of 27,225.85 and the Nifty clocked its peak of 8,141.90 on 3 September this year. Brokers said heavy buying by funds and retail investors amid firming trend in other Asian markets mainly boosted trading sentiment here. Among other Asian markets, Japan’s Nikkei was up by 0.17percent, while Hong Kong’s Hang Seng rose by 0.21percent in early trade on Monday.

READ MORE: Primary Market Not Vibrant: Sebi Official

IPO Market Remains Sluggish; 23 Firms Raise Rs 538 Cr This Yr