MUMBAI: Continuing its record-breaking run for fifth straight session, the benchmark index of Bombay Stock Exchange (BSE) rallied in a volatile session on Thursday by 126.41 points to end at a new high of 36,984.64 as traders resorted to buying in Bankex, FMCG, Telecom and Utilities stocks on expiry of July Futures and Options (F&O) contracts amidst better-than-expected June 2018 quarterly results of index pivotal.
The Nifty of National Stock Exchange (NSE) edged higher by 35.30 points to 11,167.30.
In a volatile trade witnessed during the day, traders rolled over positions in the F&O segment from the near-month July 2018 series to August 2018 series.
The July 2018 F&O contracts expired on Thursday. Better-than-expected June 2018 quarterly results from index pivotal also boosted sentiment on the domestic bourses.
The Sensex provisionally settled a tad lower below the psychological 37,000-mark after scaling a record high above that level in late trade.
The Sensex increased by 70 points to 36,928.38 in early trade. It climbed by 203 points and breached the 37K-level to touch day's high of 37,061.62, before closing at 36,984.64, up by 126.41 points as compared to its last close.
The Nifty registered day's high and low at 11,185.85 and 11,125.70 points, respectively.
The sectoral indices like Bankex, Utilities, Finance and Technology kept the market rally intact for the fifth straight session today, along with scrips of SBI, ICICI Bakex, Powergrid, ONGC and Bharti Airtel.
However, selling in Maruti Suzuki, Yes Bank, Wipro and Asian Paints capped the Sensex's further gains, brokers informed.
The S&P BSE Mid-Cap index gained 0.76 per cent, outperforming the Sensex.
The Small-Cap index rose 0.31 pc, underperforming the Sensex. The market breadth was positive on BSE, as 1,349 shares advanced against 1,224 declined and 138 were unchanged.
Globally, European stocks were trading higher as concerns over rising trade tensions between the US and Europe showed signs of easing.
Asian stocks ended mixed as investors relief at US President Donald Trump and the European Commission chief's plan to ease trade tensions was offset by disappointing US earnings.
US equities advanced Wednesday after US President Trump reached an agreement with European Commission President Jean-Claude Juncker aimed at averting a transatlantic trade war.