Monsoon is expected to be normal in June.
This surpassed its previous record close of 29,974.24, reached on April 5.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Investors have kept their eyes on US-China trade talks and are optimistic about a positive outcome.
Sensex gained nearly 0.4% or 96 points at 26087 level while Nifty ended up by 42 points or 0.5% at 7,791.40 level.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
Sensex, Nifty put up a good show in closing trade.
The market sentiment was also impacted by mixed global cues as setbacks for a healthcare overhaul in the US raised doubts over prospects for a range of reforms backed by President Donald Trump.
Pharma major Lupin and mortgage lender HDFC were the top losers.
Weakness in Infosys, L&T and Hindalco cap index gains.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
The BSE Sensex spurted 130.00 points to end at 35,980.93, while the broader NSE Nifty advanced 30.35 points to 10,802.15.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Sentiments took a hit after broader Asian markets weakened, following a renewed sell-off on Wall Street on Tuesday as energy shares dropped after crude oil prices plunged to a 13-month low amid weak earnings and US-China trade disputes, fuelling worries about economic growth
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
ITC, Infosys, Wipro and HDFC Bank among the major losers.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Surprisingly, RIL scrip also fell by 2.73 per cent to 1,029.15, becoming the second biggest loser in the index
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
Nifty snaps 10-day winning streak
Sensex ends in green on boost from bluechip stocks.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
Sensex rises, Nifty ends at record high; RIL shares rally.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.