Optimism was the key-word as retail investors resorted to hectic buying triggered by the prospects of a stable business- friendly government at Centre.
The surge was also led by the data showing FIIs continuing to bolster the Indian benchmark, coupled with firm global cues, leading the indices to mark another life-time peak of 7,172.35 during intra-day trade.
Realty and energy counters spiked by 2.82 per cent and 2.81 per cent respectively while infra and IT counters by 2.60 per cent and 2.55 per cent respectively.
As per the provisional data from the stock exchanges, the FIIs bought shares worth a net Rs 1,217.95 crore yesterday.
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State-owned BHEL surged 10.22 per cent amid reports of government likely to ratifying the disinvestment deal, while HeroMotorco spurted by 5.48 per cent, AmbujaCem by 4.82 per cent.
The 50-share index rose to a high of 7,172.35 before closing at 7,108.75, showing a rise of 94.50 points, or 1.35 per cent, over its last close.
Other notable gainers were Bank of Baroda, DLF, ONGC, Tata Power, Grasim, Wipro and Reliance. While PNB, Dr Reddys, Cairn and Hindalco incurred losses.