After opening in positive terrain, the 30-share Sensex continued its upward march and soared to hit intra-day record high of 27,390.60, surpassing its earlier peak of 27,354.99 hit on September 8. The Sensex closed with gain of 248.16 points, or 0.92 per cent, at new closing peak of 27,346.33, bettering earlier record close of 27,319.85 (September 8).

The 50-share NSE Nifty jumped by 78.75 points, or 0.97 per cent, to end at 8,169.20, after touching a new intra-day high of 8,181.55 that crossed previous record high of 8180.20.

Brokers said sentiments turned extremely bullish after the government had yesterday relaxed rules for FDI in the construction sector by reducing minimum built-up area as well as capital requirement and easing the exit norms. DLF, Unitech and HDIL shares rose in the range of 1.5-6 per cent.

“The equity markets were seen rejoicing. After a flat start, sentiments got some support from positive FII figure of the last session. However, gains remained capped as investors opted to book profits in last half an hour of the session as October derivative contracts were set to expire.”

Sectorwise the BSE Realty index gained the most by rising 3.44 per cent, followed by IT index 2.04 per cent. Teck Index rose by 1.77 per cent, Oil and Gas index by 1.65 per cent, Consumer Durable index by 1.59 per cent, Capital Goods by 0.94 per cent and Bankex by 0.72 per cent.