There was no stopping the bull run on the bourses on Wednesday as benchmark indices closed at new highs on positive global and domestic cues and robust portfolio inflows.

Besides expectations of a strong turnaround in corporate earnings, the chatter on the Street is that the current rally marks the start of another multi-year bull run in a visible throwback to the peaks that stocks saw between 2003 and 2008. The Nifty had jumped 5.5-6 times between April 2003 and January 2008.

After touching its all-time peak of 43708.47, the Sensex ended with gains of 316.02 points, or 0.73 per cent, higher at 43593.67 on Wednesday. The NSE Nifty vaulted 118.05 points to close at 12749.15.