Indian shares rose notably on Thursday to hit fresh record highs despite weak cues from global markets and concerns about high valuations.
Global sentiment was fragile amid an impending French snap election and due to anxiety ahead of a major U.S. presidential debate in Atlanta later in the day and the release of U.S. PCE inflation data on Friday.

Indian benchmark indices rallied for the third consecutive session on June 27, with Nifty crossing 24,000 for the first time ever supported by Information Technology and energy names.

At close, the Sensex was up 568.93 points or 0.72 percent at 79,243.18, and the Nifty was up 175.70 points or 0.74 percent at 24,044.50. About 1128 shares advanced, 2240 shares declined, and 93 shares unchanged.

BSE Sensex and Nfity50 indices hit new record highs of 79,396.03 and 24,087.45, respectively.

The Nifty Bank index also hit a fresh record high of 53,180.75.

After a weak start, the market erased opening losses in the initial hours and extended the gains as the day progressed to hit fresh milestones.

UltraTech Cement, Grasim Industries, LTIMindtree, Wipro and NTPC were among the top gainers on the Nifty, while losers were Shriram Finance, L&T, Eicher Motors, Bajaj Auto and Divis Lab.

Among sectors, IT and Power indices rose 1.7 percent each, while PSU Bank index was down 1 percent.

The BSE midcap index ended flat, while the smallcap index shed 0.5 percent.