Besides, covering-up of pending short positions by speculators on the last day of August series expiry in the derivatives segment also buoyed market sentiments.
The BSE 30-share barometer spurted by 82.66 points, or 0.31 percent, to trade at new life-time high of 26,642.81, surpassing earlier record of 26,630.74 hit on August 25. The Sensex had gathered about 246 points in the past five days.
The NSE Nifty also maintained its rising trend and gained 28.60 points, or 0.36 per cent, to trade at 7,964.65 just shying away from its life-time high of 7,968.25 reached on August 25.

BSE sensex climbs over 82 points to hit 26,642.81
It was 26,630.74 on August 25
NSE Nifty gained 28.60 points to trade at 7,964.65
Nifty was 7,968.25 on August 25
FDI limit to 49 percent in defence sector
Besides widespread buying by funds and retail investors was seen on expectations of pick-up in foreign funds inflows after government notified increase in FDI limit to 49 percent through approval route in the defence sector, brokers said.
Further, a mixed trend in other Asian markets and a higher closing on US markets influenced the trading sentiments here, they said.
Among other Asian markets, Hong Kong's Hang Seng was up 0.55 percent, while Japan's Nikkei shed 0.34 percent in the morning trade on Thursday.
US Dow Jones Industrial Average ended 0.09 percent higher in Wednesday's trade.

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