Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
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.
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.
The broad-based NSE Nifty rose 52.80 points, or 0.50 per cent, to end at 10,530.70
The broader markets are, however, outperforming the larger peer.
The 50-share NSE Nifty settled lower by 76.05 points, or 0.88 per cent, at 8,615.25
The S&P BSE Sensex surged 217 points to end at 25,736.
The job cuts will affect almost a fifth of the bank's workforce.
Markets ended in red, index heavyweights drag.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Out of 30 Sensex shares, 19 ended lower while 11 gained
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.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Financials and auto stocks were the top losers while energy and IT shares recovered
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
This was the biggest single-day fall for the benchmark index since August 10 when it had fallen by 310 points.
Domestic market is losing its trend to rate sensitive stocks post the announcement of the new RBI governor who is likely to maintain a cautious stance on interest rate cut
RIL, ICICI Bank, Tata Motors and ONGC alone contributed to a 100 point cut seen on Sensex.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
Most Asian stock markets steadied on Wednesday.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
The BSE Midcap and the BSE Smallcap indices pared all intraday gains to end 0.3% and 0.5% lower
Global cues lift Sensex 364 points; Nifty ends above 8,650.
The Nifty has gained 2.6% so far this week, while the Sensex has climbed 2.85%
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
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.
Investors indulged in profit booking at attractive and higher valuations
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
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.
Rise in crude oil price and rally in global equities aided the sentiment
Metals bucked the trend and shone across the board.
Tata Steel, SBI, Infosys and L&T were among the top gainers for the day.
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.
Benchmark share indices trimmed intra-day gains after global crude oil prices resumed their downward trajectory after sharp gains on Friday.
S&P BSE Midcap index and S&P BSE Smallcap were down 2% and 1.3% respectively
Gains were led by index heavyweights Reliance Industries and Infosys.
The Sensex has slid 18.5 per cent from its January 2015 peak.
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