Mumbai, July 23: Equity benchmark Sensex Thursday jumped 269 points led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank.
The 30-share BSE Sensex ended 268.95 points, or 0.71 per cent, higher at 38,140.47. On the other hand, the NSE Nifty advanced 82.85 points, or 0.74 per cent, to close at 11,215.45 level.
Shares of Reliance Industries climbed around three per cent to hit a record closing high of Rs 2,060.65. Similarly, SBI, ICICI Bank, Tech Mahindra, ITC and Kotak Bank were among the other winners.
Axis Bank, HUL, Infosys, TCS and L&T finished in the red.
According to Narendra Solanki, head (equity research), Anand Rathi Shares, Indian markets started off on a positive note but with underlying caution as its Asian peers traded mixed as investors remained concerned over US-China tensions.
"During the noon session, markets strengthened as domestic sentiments were boosted after news of India working on offering production-linked incentives for up to five sectors to boost domestic manufacturing," he said.
Meanwhile, bourses in Shanghai, Seoul and Tokyo ended in the red, while Hong Kong closed higher. Stock exchanges in Europe were also trading on a positive note in early deals.
Further, international oil benchmark Brent crude futures rose 0.93 per cent to US dollar 44.70 per barrel. In the forex market, the rupee settled on a flat note at 74.75 against the US dollar.