It is too early to say if we have seen the "final" bottom to these stocks in August 2013 or if another attempt to test them will be made before or just after elections, says Sonali Ranade.
This surpassed its previous record close of 29,974.24, reached on April 5.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
Investors booked profits in recent gainers
Oil & gas, banking and pharma sector stocks stole the show
There were more than three losers against every gainer on BSE
Sensex closed the day 416 points higher.
Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
BSE Bankex and Telecom indices led the fall.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
Auto stocks are weighing on the indices.
Tata Steel, SBI, Infosys and L&T were among the top gainers for the day.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
The Sensex ended up 48 points at 28,386 and the Nifty gained 13 points to close at 8,476.
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
The broader Nifty also succumbed to the pressure before recovering to close lower by 6.35 points, or 0.07 per cent at 8,693.05
This weakness is likely to continue in the near-term.
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
The breadth, indicating the overall health of the market, turned negative from positive
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
On a weekly basis, the Sensex climbed 749.86 points or 2.69 per cent and the NSE Nifty soared 237.10 points or 2.76 per cent
Sensex lost 184 points to trade at 23,878 and the Nifty has dropped 55 points to quote at 7,254.
Sensex remained volatile through the day.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
A rapid fall in crude oil prices has meant the RBI is a year ahead of its inflation-targeting schedule
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
The recovery was led by pharma majors led by Dr Reddy's Labs.
On the BSE, 1,493 shares declined and 1,236 shares rose. A total of 177 shares were unchanged
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
Custodian banks are selling dollars for their foreign fund clients.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
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Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
Sensex,Nifty to remain under pressure through the week.
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