Benchmark stock indices hit their record high levels in intra-day trade on Thursday, with Sensex breaching the historic 66,000-mark for the first time following a rally in global markets amid moderating US inflation data.

Buying in market heavyweight stocks Infosys, ICICI Bank and Tata Consultancy Services also helped markets settle in the positive territory.

The 30-share BSE Sensex jumped 670.31 points or 1.02 per cent to hit its all-time intra-day peak of 66,064.21. The barometer settled 164.99 points or 0.25 per cent higher at 65,558.89.

The NSE Nifty went up by 29.45 points or 0.15 per cent to close at 19,413.75. During the day, it rallied 182.7 points or 0.94 per cent to reach its lifetime high of 19,567.

“Today’s domestic rally was supported by the contra bet buying of the IT stocks which was supported by stable margins, new generation business opportunities and increase in pricing power due to moderation in USD, as latest US inflation is fast approaching the Fed’s target levels,” Vinod Nair, Head of Research at Geojit Financial Services said.

From the Sensex pack, Tata Consultancy Services, Infosys, Bajaj Finserv, Tech Mahindra, ICICI Bank, Axis Bank, Wipro and Bajaj Finance were among the major gainers.

TCS climbed 2.47 per cent a day after announcing its June quarter earnings.

The country’s largest IT services company on Wednesday reported a 16.83 per cent increase in June quarter net profit to ₹ 11,074 crore but sounded circumspect about growth prospects for the fiscal due to market uncertainties.

Power Grid, Maruti, NTPC, Reliance Industries, Hindustan Unilever and Nestle were among the laggards.

Official data released on Wednesday showed retail inflation rose to a three-month high in June on rising prices of kitchen essentials, while the factory output expanded at a faster pace of 5.2 per cent in May.

Retail inflation based on Consumer Price Index (CPI) increased to 4.81 per cent in June after declining for four months in a row but remained within the comfort zone of the Reserve Bank.