Sensex, Nifty scale new peaks; banking shares drive rally

At the closing bell, the BSE Sensex quoted higher by 221.52 points or 0.42 per cent at a new peak of 52,773.05. The index also hit its all-time intraday high of 52,869.51 during the session.

Mumbai: Equity benchmarks Sensex and Nifty rose for the fourth straight session to settle at fresh life-time highs on Tuesday as investors shrugged off concerns over rising inflation to focus on positive cues coming from global markets. At the closing bell, the BSE Sensex quoted higher by 221.52 points or 0.42 per cent at a new peak of 52,773.05. The index also hit its all-time intraday high of 52,869.51 during the session. Likewise, the broader NSE Nifty rose 57.40 points or 0.36 per cent to settle at a fresh high of 15,869.25. The NSE gauge too marked its life-time intraday high of 15,901.60.