Benchmark indices hit record highs for the fourth straight day as the stock market surge continues.

The major index constituents Reliance Industries, Wipro, and Maruti saw significant buying on Friday, helping equity benchmarks reach new highs and continue their four-day winning streak.

The 30-share BSE Sensex increased 20.96 points, or 0.03 percent, to close at 62,293.64, setting a new record closing high during largely range-bound trading. It reached 62,447.73, its all-time intra-day high, after rising 175.05 points, or 0.28 percent, during the trading day.

Similar to this, the larger NSE Nifty gained 28.65 points, or 0.15 percent, to close at 18,512.75, an all-time high.

With a 1.34 percent increase, Reliance Industries led all Sensex companies. Wipro, Tech Mahindra, Axis Bank, IndusInd Bank, Maruti, Tata Steel, and Mahindra & Mahindra were also among the top gainers.

The main laggards, on the other side, were Nestle, Kotak Mahindra Bank, ICICI Bank, and HCL Technologies.

Shanghai closed in the black, but markets in Seoul, Tokyo, and Hong Kong ended lower.

Equity exchanges in Europe were trading mostly lower in the afternoon trade. Wall Street was closed for a holiday on Thursday.

International oil benchmark Brent crude was trading 1.21 per cent higher at USD 86.37 per barrel.

Foreign Institutional Investors (FIIs) turned net buyers as they bought shares worth Rs 1,231.98 crore on Thursday, as per exchange data.

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