The 30-share index, which had gained 189.90 points in the previous volatile session, spurted by another 308.81 points or 1.32 per cent at 23,690.68, with all the sectoral indices led by capital goods, healthcare and metal, trading in the positive zone, rising by up to 1.79 per cent.
The NSE Nifty again went past the crucial 7,200-mark by surging 97.15 points or 1.36 per cent to 7,205.60.
Globally, crude soared 7.2 per cent in yesterday's trade after Iran met with other major producers to discuss limiting output.
Among other Asian markets, Japan's Nikkei climbed 2.47 per cent while Hong Kong's Hang Seng was trading higher by 2.04 per cent in early trade. Shanghai's Composite index was up 0.23 per cent.
The US Dow Jones Industrial Average ended 1.59 per cent higher yesterday.