Mumbai: Stock market benchmark indices rose in early trade on Wednesday, taking the Sensex to its new all-time high, but equities soon faced volatility and were trading flat amid the emergence of profit-booking. .

The 30-share BSE Sensex rose 134.64 points to a new all-time high of 78,188.16 in early trade. Nifty rose 28.2 points to 23,749.50.

However, both the benchmark indices faced volatility of late and traded between highs and lows.

Among the 30 Sensex companies, UltraTech Cement, ICICI Bank, Larsen & Toubro, Kotak Mahindra Bank, NTPC, Bajaj Finance and Tata Motors were the biggest gainers.

Mahindra & Mahindra, HDFC Bank, Tata Steel and JSW Steel were among the laggards.

In Asian markets, Seoul and Tokyo led gains while Shanghai and Hong Kong declined.

On Tuesday, US markets closed mostly on the rise.

Global oil benchmark Brent crude rose 0.41 percent to US$85.36 per barrel.

According to exchange data, foreign institutional investors (FIIs) bought equities worth Rs 1,175.91 crore on Tuesday.

On Tuesday, the BSE benchmark jumped 712.44 points or 0.92 per cent to close at a new closing peak of 78,053.52. Nifty closed at a record closing high of 23,721.30, up 183.45 points or 0.78 per cent.