"India's historic climb in World Bank's 'ease of doing business' rankings and buoyancy in global peers provided tail wind to the domestic indices surge to yet another record high," said Anand James, Chief Market Strategist, Geojit Financial Services Ltd.
India on Tuesday jumped 30 places to 100th rank in World Bank's 'Ease of Doing Business' ranking.
From the 30-share components, 16 ended with gains led by Bharti Airtel, SBI, ICICI Bank and HDFC.
At the BSE, 1,516 stocks advanced, while 1,274 declined and 164 remained unchanged.
Broader markets ruled high too, with the small-cap index rising 0.55 per cent and mid-cap 0.35 per cent.