The Sensex closed at a new record high, led by buying interest in heavyweight stocks like HDFC and HDFC Bank. Apart from these stocks metal stocks led the rally with Tata Steel and Vedanta among the major gainers.
Buying interest was seen across the board thanks to a global risk-on rally, following the agreement of the phase 1 of the US-China Trade deal.
The Sensex closed at a new record of 41,352 points, jumping 413 points in trade, while the Nifty too hit a new record high and closed with gains of 111 points.
GAIL, which has seen a solid rally in the last few trading sessions was among the top Nifty loser, on profit booking. Sun Pharma and Indian Oil were the other few losers in trade from the Nifty stocks.
Maruti Suzuki closed firm, after a foreign brokerage firm upgraded the stock. Meanwhile, most European markets were trading with slight losses, following some softness in the Dow Futures.