The Sensex scaled nearly 150 points to hit a new high of 28,006. The Nifty also climbed to 8,363 points which is also a new high.
The gains were driven by banking stocks which rose in anticipation of a rate hike next month.
The banking sub-index on the National Stock Exchange (NSE) hit an all-time high of 17,316, sources said.
This was the fourth consecutive session when Indian stock markets touched record highs.
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