(File photo)

MUMBAI: Equity benchmark BSE sensex on Wednesday jumped nearly 350 points to hit record (intra-day) high during late morning deals, propelled by a rally in index-heavyweight Reliance Industries (RIL).

The 30-share BSE index zoomed 346 points or 0.86 per cent to a new all-time high of 40,816; while the broader NSE Nifty moved 94 points or 0.79 per cent higher to 12,034.

RIL shares rallied nearly 4 per cent to hit their lifetime high of Rs 1,571.85 (intra-day), inching closer to the Rs 10 lakh crore market-capitalisation (m-cap) level.

Reliance Jio on Tuesday said it will increase mobile phone call and data charges in the next few weeks in compliance with rules, as it followed similar announcements by Bharti Airtel and Vodafone Idea on tariff hike.

Other gainers in the sensex pack included IndusInd Bank, Sun Pharma, L&T, Bharti Airtel, TCS, Maruti and Bajaj Finance.

While, Yes Bank, Bajaj Auto, NTPC, Infosys, ITC, Kotak Bank and HUL were trading in the negative terrain.

Meanwhile, foreign institutional investors (FIIs) offloaded shares worth Rs 915.37 crore in the capital market in the previous session, while domestic institutional investors (DIIs) purchased equities worth Rs 262.35 crore, data available with stock exchange showed.

On the currency front, the rupee depreciated 7 paise (intra-day) against the US dollar to trade at 71.79 in early session.

Brent futures, the global oil benchmark, slipped 0.16 per cent to $60.81 per barrel.

(With PTI inputs)

