Private banks' rally spurs Sensex, Nifty to fresh all-time high record

Sensex jumped 712 points to breach the 78,000 mark for the first time while Nifty gained 183 points to settle at a new all-time high of 23,721

Benchmark Sensex breached the historic 78,000 level for the first time while Nifty settled at a new record high on Tuesday on buying in blue-chip bank stocks and Reliance Industries.

The 30-share BSE Sensex jumped 712.44 points to settle at a new closing peak of 78,053.52. During the day, it soared 823.63 points to hit a fresh lifetime high of 78,164.71.

The Sensex breached the 77,000 mark for the first time on June 10.