The Benchmark Index of the Bombay Stock Exchange (BSE), Sensex has jumped over 200 points to hit a record high of 41,100.82 in early trade on Wednesdday.
The broad index of the National Stock Exchange(NSE), Nifty reached a lifetime high of 12,126.05 at in the morning hours.
The rally was led by the Nifty Metal Index, which was up 0.8 per cent. Meanwhile, Nifty Bank hit a fresh record by crossing earlier level of 31,783.60.
Among the top gainers in on the indices were Yes Bank, Hindalco, Sun Pharma, RIL, ITC and Asian Paints while the biggest losers were Bharti Airtel, Nestle, Bharti Infratel, Zee Entertainment and Grasim.
Meanwhile, shares of Mukesh Ambani's Reliance Industries Limited also touched a record high as the company's market capitalisation (M-cap) nears Rs 10 lakh crore.