The blue chip Reliance Industries (RIL) saved the day for the stock market, whose benchmark Sensex on Tuesday ended 35 points up in scrip-specific activity to extend gains for the fifth straight session.

The market recovered initial losses as RIL shined in late trading, touching yet a new closing peak of 1,775.25 on the back of fresh purchases by Foreign Institutional Investors (FIIs) and domestic funds. After a promising start, the Bombay Stock Exchange (BSE) 30-share benchmark index (Sensex) later dipped to the day’s low of 14,348.26 before ending the day at 14,453.72, a net gain of 35.12 points or 0.24 per cent over Monday’s close of 14,418.60.

The BSE barometer has gained more than 524 points or 3.63 per cent in five sessions from May 16. The broader S&P CNX Nifty of the National Stock Exchange (NSE) jumped by 17.20 points or 0.40 per cent to a new peak of 4,278.10 from previous close of 4,260.90.

The rally in RIL led to a positive turnaround in the market sentiment, brokers said. Other heavyweighted counters like HDFC Bank, BHEL, Tata Steel, Bharti Airtel and Reliance Comm also added to the Sensex.