Market Closing: Key benchmarks closed at record highs for yet another session powered by a rally in index heavyweight Reliance Industries to close at an all-time high of Rs 2,390. At the intraday level, the Sensex rose as much as 342 points to hit an all-time high of 58,194.79 and Nifty 50 index touched record high of 17,340.10.

At close, the Sensex advanced 277 points to close at an all-time high of 58,129.95 and Nifty 50 index rose 89 points to close a record high of 17,324.

Ten of 15 sector gauges compiled by the NSE ended higher led by the Nifty Oil & Gas index's 2.5 percent gain. Consumer Durables, Realty, Metal, Media and Auto indices also rose over 1 percent each. On the other hand, Nifty Financial Services, FMCG, Bank and Private Bank indices closed lower.

Reliance was the top Nifty gainer, followed by ONGC, Coal India, Titan, Indian Oil, Hero MotoCorp, Bharat Petroleum, Eicher Motors, Bajaj Auto, Maruti Suzuki, Tata Steel, Asian Paints and Kotak Mahindra Bank also rose between 1-4 percent. On the flipside, HDFC Life fell 3.3 percent to close at Rs 734 after the company announced acquisition of Exide Industries' life insurance business.

Cipla, Bharti Airtel, Hindustan Unilever, HDFC, HDFC Bank, IndusInd Bank, UltraTech Cement, Tata Consumer Products, Axis Bank and Mahindra & Mahindra were among the losers.

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