Sensex hits record high, NIfty tops 12K

Mumbai, Nov 6: Indian markets on Wednesday logged fresh highs on the back of strong inflow of foreign funds and earning optimism in select stocks.

Banks like ICICI Bank, HDFC, IndusInd Bank gained the most.

Sensex hit the record high of 40,606.91 while the Nifty surpassed the key 12,000-mark for the first time since June.

At 3 p.m., the Sensex was up 232.91 points to 40,481.14 while the Nifty was up by 54.70 points at 11,971.90.

Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector.