After a strong opening, the BSE 30-share index hit a high of 31,362.15, before closing at a new record high of 31,311.57, up 255.17 points, or 0.82 per cent, breaking its previous record closing of 31,309.49 on June 5.
"Equity benchmarks started off the week on a positive note after seeing consolidation in previous two weeks, backed by positive Asian cues".
With Finance Minister Arun Jaitley providing relief to traders by extending the deadline for filing initial returns under the forthcoming Goods and Services Tax (GST) bill, the market opened with a surge in sensex by 122.68 points, with the current figure recorded at 31,179.08 points.
Kiwis beat Oracle in 1st 2 America's Cup races in Bermuda
Cycling nerd John MacLeary wants to know whether the cyclors on board the New Zealand boat wear trainers or cycling shoes. The challenging team showed their dominance in light winds, pulling away for convincing victories in all four races.
The wider NSE Nifty rose by 71.75 points or 0.75 per cent to trade at 9,659.80 points.
Market heavyweight Reliance Industries also rallied after a report by Bank of America Merill Lynch that around 90 percent of Reliance Jio users may have subscribed to its promotional Prime membership plan.
Broader markets looked mixed as the mid-cap index rose 0.07 per cent, while small-cap index was down 0.08 per cent.