The benchmark Bombay Stock Exchange (BSE) 30-share sensitivity index, the Sensex, continued its dream run on Tuesday, rising 137 points from the previous close to a fresh all-time high of 15,869 before ending 63 points higher at a record 15,795.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) shot up by 28.55 points to 4,647.90, also a new high, before closing at 4,620.75, a gain of 1.40 points.

The biggest gainers were Reliance Energy, which shot up by 8.46 percent, Satyam Computer (5.42 percent), BHEL (3.96 percent), NTPC (3.64 percent), HDFC Bank (2.50 percent) and Larsen & Toubro (2.03 percent).

Reliance Industries (RIL), which announced its plans to set up the country's biggest Greenfield fertilizer capacity, also helped in the Sensex surge. Its stocks shot up by Rs. 8.10 to Rs. 1,919.

Major Sensex losers were Mahindra & Mahindra, which plunged 3.23 percent, Tata Motors (3.09 percent), Hindustan Unilever (2.13 percent), ACC (1.92 percent) and Ranbaxy Laboratories (1.74 percent).

Market observers said buying activity remained centered around stocks of engineering, capital goods and construction companies on expectations that first quarter growth will be strong.

We have a very bullish view on the capital goods sector, especially on those involved in power sector, because of the huge investments seen in it over next few years, said Hitesh Kuvelkar, head of research at First Global Securities, according to Reuters.

Overall, the market breadth showed 1777 declines and 903 advances on BSE, while NSE showed 814 advances and 327 declines.