Indian shares ended at record closing highs on Wednesday as banks soared after the central cabinet unveiled a $32.4 billion recapitalisation plan, while construction firms surged after the government approved an ambitious plan to build roads nationwide.

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The broader NSE Nifty ended 0.86 percent higher at 10,295.35, while the benchmark BSE Sensex closed up 1.33 percent at 33,042.50 - having breached the 33,000 level for the first time earlier in the session.

State Bank of India soared nearly 28 percent, while Punjab National Bank, the country`s second-biggest state-run lender closed up 46 percent. Both state-run lenders ended at their highest close since January 2015.

Larsen & Toubro was the third-largest gainer in the index, rising 5.4 percent.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)