Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
The broader markets were firm with mid-caps and small-caps gaining 1-1.4 per cent on the BSE.
Gains were led by index heavyweights with Reliance Industries contributing the most.
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
Despite superior margins, JLR hasn't had a smooth ride in China.
The 30-share Sensex ended higher by 31 points at 26,591 and the 50-share Nifty gained 10 points at 8,061.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
Sensex lacklustre, bluechips in focus.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
Markets surged in late trades to snap five-day losing streak led by bank shares.
Sensex eneded lower on poor perfromance by financials and IT stocks.
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
The Sensex ended below 28,000 for the second straight day at 27,869.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
Net profits may dip 4.9% y-o-y, but the silver lining is that performance may be better than the preceding quarter
Nifty snaps 10-day winning streak
BSE auto index surged 2%, capital goods, healthcare and oil & gas indices also up.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Auto and realty shares were among the top Sensex gainers.
Investors booked profits at higher levels after the Sensex and Nifty hit all-time highs in the previous session.
US stocks rose more than 1% on Tuesday, with the S&P 500 coming less than 2% below its record peak set last month.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
Sensex gained 38.18 points or 0.15% at 25,918.95 and Nifty ended higher by 12.50 points or 0.16% at 7,739.55.
The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.