Sensex hits record high above 24,000

The BSE Sensex rose as much as 2.2 percent to a record high on Tuesday, surpassing the key psychological level of 24,000 points as companies focused on the domestic sector surged after exit polls showed the Bharatiya Janata Party and its allies winning a majority in the elections.

The Sensex rose as much as 2.2 percent to hit a record high of 24,068.94. It ended up a provisional 1.36 percent.

The Nifty rose as much as 2.25 percent to hit a record high of 7,172.35. It ended 1.34 percent higher.

Bharat Heavy Electricals Ltd provisionally jumped 10.4 percent, while Oil and Natural Gas Corp Ltd rose 3.7 percent.