The Sensex and Nifty climbed to all-time closing highs on Tuesday, boosted by conglomerate Larsen & Toubro on the back of strong quarterly results of its units L&T Infotech and L&T Technology Services on Monday.  The benchmark Sensex closed up 0.29 per cent at 36,825.1, a record close. It also hit its intraday lifetime high of 36,902.06 in the session. The broader Nifty ended 0.45 per cent firmer at 11,134.3, its highest ever closing level. 

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Cement and auto stocks surged on hopes of improved results, while reports suggested a surge in exports to BRICS nations. Cement maker ACC jumped as much as 13.3 per cent after posting a market-beating quarterly profit. The stock settled at Rs 1473.25, up 12.86 per cent on the BSE.

Besides, positive cues from other Asian markets and sustained foreign capital inflows, also influenced sentiments. 

In the broader market, the BSE Midcap and the BSE Smallcap indices outperformed to rally 1.8 per cent and 2.3 per cent, respectively.

Market breadth, indicating the overall health of the market, turned sharply positive. On the BSE, 1,958 stocks rallied, 676 stocks declined, while 135 stocks remained unchanged.

"We have seen a positive close above the resistance line of the flag which has turned bulls aggressively bullish. A flag is a continuation pattern which indicates the continuation of the preceding trend in the market. While its Pole being the previous rally we have observed from 10,600-odd levels which come to be 500 odd points while the breakout has happened above at 11050, the point of inflection for the pattern. Nifty has successfully closed above this point for the second consecutive day which indicates the control of directional bulls. With that, 11,450 is the conservative target for this pattern in short-term," said Mustafa Nadeem, CEO, Epic Research.

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"Nifty has also made almost three white soldiers which are a bullish reversal pattern though it indicates the build-up of momentum at present levels of 10950-11050. As per the derivatives data, we have seen the support established at 11000 level given the writing at 11000 Put Strike and downward move in volatility. This base for Nifty was previously held at 10800 - 10900. Improving prices with higher OI addition suggest long built-up for upside momentum," he added. 

Major gainers include L&T, Asian Paints, Vedanta, Tata Steel, Coal India, Infosys, M&M, Adani Ports, Maruti Suzuki, Axis Bank, HDFC, Power Grid, ONGC, Tata Motors, Sun Pharma, ITC, IndusInd Bank, HDFC Bank and SBI, rising up to 3.36 per cent.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 259.37 crore and DIIs bought shares worth a net of Rs 124.82 crore yesterday, provisional data showed.