Business news from Mumbai shows that BSE Sensex has surged over 293 points on Thursday.It hit its record intra-day high of 40,344.99 led by rally in index heavyweights Infosys, SBI, HDFC Bank and TCS.

PTI reports that after opening on a strong note, the 30-share index was trading 263.69 points, or 0.66 per cent, higher at 40,315.56 in morning session. The broader NSE Nifty too advanced 71.85 points, or 0.61 per cent, to 11,915.95.

By implications,the top gainers in the Sensex pack included SBI, Infosys, Tata Motors, Yes Bank and Sun Pharma, rising up to 4.35 per cent.However,M&M, Tata Steel, TechM, PowerGrid and Axis Bank fell up to 1.09 per cent,adds India's top news agency PTI.