ICICI Bank was the top gainer in the Sensex pack, surging 4.64 per cent, followed by Axis Bank at 3.86 per cent and SBI 2.53 per cent.
Benchmark Sensex soared 137 points to close above the 38,000-mark for the first time, while the broader Nifty too ended at a fresh lifetime high on unabated buying by participants.
ICICI Bank was the top gainer in the Sensex pack, surging 4.64 percent, followed by Axis Bank at 3.86 percent and SBI 2.53 percent.
The 30-share Sensex jumped 136.81 points, or 0.36 percent, to end at 38,024.37, breaking its previous record close of 37,887.56 reached yesterday.
The index has taken 11 sessions to scale the 38,000 mark from 37,000 level reached on July 26.
The broader Nifty rose 20.70 points, or 0.18 percent, to close at 11,470.70 — surpassing its previous high of 11,450 reached on Wednesday.
Brokers said sentiment got a lift on uninterrupted foreign and domestic fund inflows amid strong corporate earnings.