Mumbai, Sep 3 (IANS): A benchmark index of Indian equities markets Wednesday hit record high of 27,198.80 points, surpassing its previous high of 27,082.85 points Sep 2.

Good buying was observed in IT, technology, media and entertainment (TECK) and auto sectors, while selling pressure was seen in banking sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,128.06 points, was trading at 27,111.94 points (at 12.08 p.m.), up 92.55 points or 0.34 percent from the previous day's close at 27,019.39 points.

The Sensex touched a high of 27,198.80 points and a low of 27,067.02 points in the trade so far.

The S&P BSE IT index surged by 207.45 points, TECK index gained by 108.76 points and auto index went up by 72.57 points.

However, banking dropped by 50.46 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also hit record high of 8,124.05 points and was trading at 23.85 points or 0.30 percent up at 8,106.90 points. Nifty Tuesday hit a record high of 8,101.95 points.