Foreign institutional investors (FIIs) continued their buying spree and bought shares worth a net Rs 385.66 crore on Tuesday, as per provisional data from the stock exchanges.
The Sensex opened higher at 22,550.58 and firmed up further to an all-time high of 22,592.10 before quoting at 22,530.15 at 0950 hrs, showing a gain of 83.71 points, or 0.37 percent, from its last close.
The NSE 50-share Nifty also gained 22.55 points, or 0.34 percent, to 6,743.60 at 0950 hrs, after registering an all-time high of 6,757.60. Major gainers were Bharti Airtel (1.71 percent), ICICI Bank (1.65 percent), Tata Motors (1.29 percent), Hero Motocorp (1.09 percent), Dr Reddy's Lab (0.94 percent), Infosys (0.89 percent) and Tata Power (0.77 percent).
Asian stocks rose in their early trade on Wednesday after an increase in US manufacturing boosted optimism about growth in the world's biggest economy.
Key benchmark indices in Hong Kong, South Korea, China, Singapore, Indonesia, Japan and Taiwan were up between 0.02-1.48 percent.
US stocks rose on Tuesday as consumer and technology shares pushed the Standard & Poor's 500 Index to an all-time high, after an increase in a manufacturing index boosted optimism the economy withstood severe winter weather.


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