Sensex rallies 222 pts to close at fresh record high

Equity benchmark BSE Sensex jumped 222 points to settle at its new lifetime high of 40,469.78 on Wednesday, led by robust gains in bank stocks.

After opening on a choppy note, the 30-share Sensex touched an all-time intra-day high of 40,606.91 in late-afternoon trade.

It finally ended 221.55 points, or 0.55 per cent, higher at 40,469.78.

Similarly, the broader NSE Nifty briefly reclaimed the 12,000 level, before finishing at 11,966.05, showing a gain of 48.85 points, or 0.41 per cent. Top gainers in the Sensex pack included ICICI Bank, Infosys, HDFC, IndusInd Bank, Tata Motors, Kotak Bank, Axis Bank, L&T, Yes Bank and HUL, spurting up to 2.64 per cent.

On the other hand, Bharti Airtel, RIL, Bajaj Finance, ONGC, HCL Tech, ITC and Sun Pharma slipped up to 3.31 per cent.