Indian shares ended at fresh record highs on the final day of October derivatives contract expiry as state-owned lenders extended gains.
The S&P BSE Sensex breached 33,000-mark for the first time on Wednesday as investors and analysts cheered the bank recapitalisation plan and road construction push to kickstart economic growth recovery.
The benchmark Sensex jumped 0.32 percent at another record high of 33,147 while the broader NSE Nifty rose 0.47 percent to a life-high of 10,343.
Trading was slightly volatile on the last trading session of October series contracts in the derivatives segment.
The S&P BSE PSU Index gained about 1 percent. State-run lenders including Punjab National Bank, IDBI, Union Bank and Bank of India rose between 2 percent to 5 percent in Mumbai trading.
Private Bank stocks such as ICICI Bank lost 2.7 percent and HDFC Bank shed 0.2 percent.
Polaris Consulting & Services jumped 20 percent after the company said that its board to meet on October 31 to consider voluntary delisting.
HCL Infosystems lost 3.5 percent after the company said its net loss for the quarter widened to Rs 455.57 crore from Rs 37.13 crore a year ago.
Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.
Stocks in Asia were mixed following the biggest declines in seven weeks on Wall Street after a batch of soft earnings.
MSCI's broadest index of Asia-Pacific shares outside Japan as flat. Australian stocks and South Korea's KOSPI both inched down 0.1 percent.