India stock market benchmark indices climbed to new peaks as sentiment was improved by a positive start to the quarterly earnings season and the rolling out of vaccinations in the nation this week.

The BSE Sensex closed 486.81 points, or 1 percent, high at 49,269.32, and the Nifty was up 137.50 points, or 0.96 percent, at 14,484.80. Tata Motors, HCL Tech, Infosys, HDFC and Wipro were among major gainers on the Nifty, while losers were Tata Steel, Bajaj Finance, Bajaj Finserv, Reliance Industries and L&T.

Both gauges, which closed at record highs, were boosted by technology companies after Tata Consultancy Services Ltd. posted earnings that beat expectations. The Nifty IT index rose 3 percent, auto index added 2.6 percent and FMCG and pharma indices rose a  percent each. Metal and PSU bank indices ended a percent lower.

Also, the Indian rupee recovered some losses at the later part of the trade after losing a great degree on strength in US yield.  Meanwhile, Elsewhere, European indices were trading weak with losses up to 0.70 percent.

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