Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
The S&P BSE Sensex surged 160 points to close at 25,262.
The S&P BSE Sensex gained 57 points to end at 26,064 and the Nifty50 climbed 17 points.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
China now world's second largest share market, India is 7th
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
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.
This surpassed its previous record close of 29,974.24, reached on April 5.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Bank shares were the top gainers led by ICICI Bank.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
The rupee closed at Rs 66.21 in its last trading session.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Indian equity markets registered their highest single-day percentage gains since early October.
Sun Pharma emerged as the star performer and closed 4.03 per cent up at Rs 675.45, while Cipla rallied 1.58 per cent to Rs 592.60.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
Market breadth is positive with 942 advances and 196 declines.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Markets snapped two-day losing streak and ended flat with a positive bias on Tuesday as gains in auto shares helped offset losses in IT majors.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Markets gained for the second straight session to kick-off the September F&O series on a robust note.
Fear factors weights on markets, Sensex, Nifty struggle to keep pace.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
Muted global trend after a report that US President Donald Trump was preparing to impose more tariffs on China hurt trading sentiments.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Positive cues from the global market front aided the rally.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
