After opening with a positive gap of 62 points at 14,868, the Sensex rallied to a new, all-time intra-day high of 14,907.

Profit-taking at higher levels saw the index pare gains and slip to a low of 14,791 - down 116 points from the day's high.The index, thereafter, rebounded into positive zone and displayed range-bound movement for the major part of the session.

Aggressive buying in cement stocks, coupled with smart gains in select heavyweights, saw the index rally towards the closing bell. The index finally finished with a gain of 74 points at 14,880.

The Nifty rallied to a fresh high of 4386 in opening trades. However, unlike the Sensex, the index, after slipping into negative zone, exhibited range-bound movement with a negative bias for most of the day. The index eventually ended the day on a flat note at 4359 - up two points.

The breadth was negative on the BSE - out of 2,676 stocks traded, 1,434 declined, 1,190 advanced and 52 were unchanged today.

Tata Steel [Get Quote] soared 2.6% to Rs 616. Cipla, Hindustan Unilever, NTPC and ICICI Bank [Get Quote] rallied over 2% each to Rs 218, Rs 199, Rs 155 and Rs 985, respectively.

Tata Motors [Get Quote] and Larsen & Toubro gained 1.5% each at Rs 698 and Rs 2,291, respectively.

ITC, Reliance Communications [Get Quote] and Maruti [Get Quote] were up around 1% each at Rs 158, Rs 542 and Rs 791, respectively.

ONGC [Get Quote] shed 1.6% to Rs 874. Wipro [Get Quote] and SBI [Get Quote] slipped over 1% each to Rs 509 and Rs 1,563, respectively.

IFCI led the volume chart with trades of around 1.22 crore shares followed by Vishal Retail (1.14 crore), Reliance Natural Resources [Get Quote] (71 lakh), Silverline (63.65 lakh) and Bellary Steel (51 lakh).