Mumbai: Sensex on Tuesday took off by over 140 points to a new intra-day high of 10,422.65 points, following hectic buying by major market players in blue-chip shares, despite the Budget proposing a hike in Securities Transaction Tax.
The major support came in from auto and cement segments, which received a boost in the Budget in the form, a cut in excise duty for small cars and focus on infrastructure.
The 30-share index was up by 141 points an hour before close of trading, though shares lost some ground earlier.
The second largest National Stock Exchange index Nifty also climbed to a record intra-day high of 3090.30 points.
In the auto segment, shares of Bajaj, Maruti and Tata Motors marched upwards, while ACC, Grasim and Larsen and Toubro and Gujarat Ambuja Cement climbed in the cement segment.
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