Tata Motors was the worst performer on the Sensex, plummeting 10.32 per cent to Rs 436.55 after the company reported a steep 96.22 per cent decline in consolidated net profit for the December quarter.
Maruti Suzuki was the biggest gainer among Sensex scrips, rising 5.89 per cent, followed by M&M up 5.29 per cent.
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Losers included Bharti Airtel, SBI, Wipro, Vedanta, Maruti Suzuki, ICICI Bank, Axis Bank and Reliance Industries, falling up to 2.18 per cent.
When big offers hit the market, broader indices corrected 2-4%
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 30-share Sensex, after opening on a strong footing, continued its upward march to hit an all-time high of 35,827.70. The NSE Nifty also hit a record intra-day high of 10,975.10, before finishing at 10,966.20, up 71.50 points.
US crude is now more than 17 per cent below its opening price at the start of the month and Brent is down more than 16 per cent.
With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
Summary of sports events and persons who made news on Thursday
Without some firmer pledge of debt relief, neither Greece nor the IMF is likely to accept a deal
11th-hour debt restructuring programme offered no concessions to creditors
The broader Nifty too fell for the second straight session and closed with a loss of over 62 points, or 0.54 per cent, at 11,520.30, after hovering between 11,496.85 and 11,602.55.
Nikhil Lakshman remembers the times he spent with the legendary writer who passed into the ages six days before his 86th birthday.
'It was only relatively recently that Subhash Kapoor was able to secure the sources in India, Afghanistan and Cambodia, that allowed him to get the really highest level objects, and that helped propel him in recent years up the ranks.'