The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
Sun Pharma stock has appreciated at 35% a year for 20 years
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.
Broader market outperformed the benchmark indices with S&P BSE Midcap gaining over 1%
Markets shrugged off RBI's neutral stance on key policy rates.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Sensex remained volatile through the day.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
BSE Healthcare, Oil & Gas, Consumer Durable, TECk, Power and Metal indices declined between 0.5-1%.
The 50-share NSE Nifty was trading lower by 24 points.
The total value of India's top 100 brands has increased by 2 per cent, from $162.1 billion in 2020 to $164.9 billion in 2021, according to the latest Brand Finance India 100 2021 report. This uplift in brand value over the course of the first year of the pandemic is an impressive feat given the global economic crisis following the implementation of national lockdowns in March 2020, when business activity was brought to a halt, affecting both production and consumption. Among the brands that came on the top of the list include Tata Group, Reliance Industries, and Mahindra Group.
'This fall is nothing. We could see worse if everybody hits the panic button.'
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Gains were led by index heavyweights Reliance Industries and Infosys.
Sensex ends in green on boost from bluechip stocks.
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