Benchmark indices rallied about 2 per cent in trade on Tuesday as BJP's strong show in the state elections has a rubbed off on the Dalal Street, with investors cheering over the ruling party's strengthening position in the upper house, which may pave way for speeding up of reform process. 

In early trade, the BSE benchmark Sensex climbed 615 points, or 2.12 per cent, to hit a high of 29561.93. Nifty 50 scaled a record high of 9,122.75 in morning trade and was trading up 188 points, or 2.10 per cent. 

GOLD: In Tuesday’s trading session Gold prices were firm as investors keenly wait for a 2 day Federal meet, where chances of a likely interest rate hike in U.S., are high.

At 0057 GMT, Spot Gold has inched down 0.1% at $1202 per ounce.

U.S. Gold Futures was also down by 0.1% at $1202 per ounce.

 BUY SRTRANSFIN FUTURE ABOVE 989.25 TGT 995, 1000, 1010 SL 980