Nifty breaches 7900 for the first time; Sesa Sterlite top gainer

The markets opened in an upbeat mood this morning with the Sensex up 129 points to hit new record high of 26,520.73. Nifty breaches 7,900-mark for the first time in its life and is trading at 7908, which is 33 points up from yesterday's closing.

The top gainers included Sesa Sterlite, BPCL, Tata Power and L&T. The big losers were TCS, HDFC, Wipro, Power Grid Corporation and Cipla.

All the sectors traded in the green apart from the BSE IT sector. Despite the bleeding of the stocks in the sector, Infosys managed to stay in the green.

Asian shares had followed cues from Wall Street and ended higher on Tuesday as the foreign ministers from Russia, Ukraine, Germany, and France gathered in Berlin over the weekend to discuss talks for a ceasefire or a political solution, and Russia's Foreign Ministry said on Monday that a "certain progress" was achieved during the talks.

Brent crude oil also dropped more than $2 a barrel to reach its lowest price in over a year on Monday as concerns over Ukraine and Iraq eased.