Indian share prices rose 1.42 percent on Wednesday, crossing the key 14,000-point level on strong overseas fund buying, dealers said. They said there was good buying in mid-cap stocks while banking and capital goods stocks in particular gained. The benchmark 30-share Sensitive Index rose 197.98 points to 14,127.31.
"The buying momentum was back and the markets seem set to be moving towards a new record high," said Advait Date, a dealer at brokerage BHH Securities. The Sensex hit a record high of 14,723.88 on February 9 this year. Gainers led losers 1,626 to 987 on volume of 51.51 billion rupees (1.26 billion rupees).
India's largest lender State Bank of India rose 57.8 rupees or 4.71 percent to 1,284.45 while India's largest private sector company Reliance Industries rose 36.5 rupees or 2.29 percent to 1,634.4.