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Sensex hits fresh record high, gains 222 pts; Nifty ends above 11,950

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The BSE Sensex resumed its record-setting run on Wednesday -- rallying 222 points to its new lifetime high of 40,469.78 -- as investors accumulated banking and financial stocks amid hopes of more reform measures to boost growth. After opening on a choppy note, the 30-share Sensex touched an all-time intra-day high of 40,606.91 in late-afternoon trade. It finally ended 221.55 points, or 0.55 per cent, higher at 40,469.78. The previous closing high was 40,301.96, hit on November 4 (Monday). Similarly, the broader NSE Nifty briefly reclaimed the 12,000 level, before finishing at 11,966.05, showing a gain of 48.85 points, or 0.41 per cent.

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