While the implementation of the GST caused short-term disruptions, investors feel the government will stay firm on its reforms agenda, backed by the BJP's strong showing in Gujarat and Himachal Pradesh assembly elections, brokers said. "Expectation of a pick up in third quarter earnings and strengthening of rupee supported the sentiment", said Vinod Nair, Head of Research, Geojit Financial Services. The Sensex advanced by 116.53 points, or 0.34 per cent, while the Nifty gained 37.70 points, or 0.35 per cent, during the period.
The index started the day at 33, 889.39 points and reached highest-ever 34,086.05 before closing at 34,056.83- this was an increase of 208.80 points, or 0.62 per cent in toto.
Both the indexes, up more than 27 per cent each, are on track for a second straight year of gains.
The NSE Nifty slid 40.75 points, or 0.39 percent, to 10,490.75 after scaling a new peak of 10,552.40. The benchmark had crossed the 34, 000 mark on December 26, riding on a rally of high closings the entire year.
Indian shares closed higher for the fourth straight session on Tuesday, led by.
Aarti Industries announced that they have signed a Rs10,000cr multi-year exclusive supply contract with a leading global chemical conglomerate. Japan's Nikkei 225 has edged up 58 points, Hong Kong's Hang Seng has gained 54 points and China's Shanghai Composite has added 5 points. The shares of M&M, PowerGrid, Sun Pharma rose, whereas the shares of Hero MotoCorp and Adani Ports fell.
The BSE mid-cap and small-cap indices ended higher by 0.74 per cent and 0.64 per cent, respectively. The CAC 40 of France slipped 0.55%, DAX of Germany lost 0.69%, while FTSE 100 of the United Kingdom closed above the neutral line.