Benchmark index S&P BSE Sensex briefly hit a fresh record high during Wednesday's intraday trade after gaining slightly 260 points to 63,588 points.
The index along with NSE Nifty Nifty 50 had been hovering close to the milestone for the past few trading sessions but faced resistance due to profit booking and weak global cues. However, strong buying activity and sustained foreign inflows finally provided a boost to Sensex, helping it achieve the milestone.
However, Sensex failed to sustain momentum amid high volatility during the trading session, as selling pressure rose moments after the record high.
