Stock Market:  The Indian benchmark index reached another significant milestone today by extending its winning streak for the fourth consecutive trading session, as the S&P BSE Sensex crossed the 85,000 level for the first time to hit an all-time high of 85,008 points for the fourth consecutive session. The index hit new highs.

Similarly, the Nifty 50 closed at 26,000 points with a new high of 25,970 points for the fourth consecutive session.

The Sensex breached the 85,000 mark for the first time while the Nifty was close to the 26,000 level amid a sharp rally in Asian markets and buying in blue chip HDFC Bank. Recovering all the ground lost early on, the 30-share BSE Sensex rose 123.81 points to hit a fresh all-time high of 85,052.42.

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The NSE Nifty also rose 39.85 points to a new high of 25,978.90 points. The benchmark is only 21.1 points away from breaking the historic 26,000 mark.

JSW Steel, Tata Steel, HDFC Bank, Power Grid, Tata Motors and Larson & Toubro were the biggest gainers among the 30 Sensex firms. While, Hindustan Unilever, Bajaj Finance, Infosys, Kotak Mahindra Bank, Axis Bank, and Ultratech Cement lagged.

Of the 50 components of the Nifty 50, 23 are currently trading in the green zone. Tata Steel leads the pack with a gain of 3.5 percent, followed by Hindalco Industries, JSW Steel, Power Grid Corporation, HDFC Bank and Tata Motors, which are trading up between 1 percent and 3 per cent.

Asian shares advanced on Tuesday, with Chinese markets making the biggest gains after the central bank announced several measures to support the economy.

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