Benchmark indices ended at record closing high today backed by banks and infrastructure stocks after recapitalisation and highway projects boost.

The 30-share BSE Sensex was up 435.16 points or 1.33 percent at 33,042.50 and the 50-share NSE Nifty rose 87.70 points or 0.86 percent to 10,295.40.

The government on Tuesday announced a Rs. 2.11 lakh crore recapitalisation plan for public sector banks over two years to boost their finances, private investment and help revive the economy. As part of this plan, the government will infuse Rs. 1.35 lakh crore through recapitalisation bonds and Rs. 76,000 crore through budgetary support and market-raising.(Agencies)