Sensex closes 164 pts higher after hitting record high in intraday trade; Nifty tops 11,650

The BSE benchmark Sensex pared significant gains towards the fag-end of the session after touching a record 39,000-level on Monday. The 30-share gauge rallied over 400 points during the day to hit an all-time high of 39,115.57. But, it surrendered most of its gains to settle at 38,871.87, showing a rise of 198.96 points, or 0.51 per cent. Similarly, the NSE Nifty settled the day at 11,655.60, rising 31.70 points, or 0.27 per cent, over its previous close.