The benchmark Nifty settled above 9,650-level for the first time followed across-the-board buying triggered by positive global cues.
The 50-share index rose by 37.40 points to 9,653.50 following buying mainly in realty, pharma, FMCG, media, auto, infra and IT stocks.
The market sentiment was boosted by hopes of good southwest monsoon rains, strong overseas cues also lifted investors' spirit ahead of RBI policy due next week.
The energy and metal counters witnessed mild profit-booking.
In overseas markets, European and Asian stocks edged higher buoyed by overnight gains on Wall Street.
US equities closed higher yesterday as Wall Street got ready for the release of the monthly jobs report.
The NSE 50-share Nifty index opened higher at 9,657.15 and hovered between 9,673.50 and 9,637.45 before finishing at 9,653.50, a rise of 37.40 points, or 0.39 per cent.
It saw an intra-day movement of about 36.05 points.
Sector-wise, pharma rose 1.64 per cent followed by realty rose 1.32 per cent, FMCG 0.90 per cent, media 0.75 per cent, auto 0.47 per cent, infra 0.43 per cent and financial services 0.42 per cent. However, energy and metal fell by 0.33 per cent and 0.12 per cent, respectively.
The broader markets continued to outperform benchmarks for fourth consecutive session the mid-cap and small-cap indices rose by 0.86 per cent and 0.67 per cent, respectively.
Major index gainers were HeroMotoCo (3.12 per cent), Cipla (2.18 per cent), Yes Bank (2.57 per cent), Adaniport (2.49 per cent), Auropharma (2.37 per cent), IndusInd Bank (2.15 per cent) and Lupin (1.98 per cent).
GAIL fell 1.95 per cent, while other notable losers were BPCL (1.92 per cent), Indiabulls Housing Fin (1.15 percent), Tata Steel (1.05 per cent) and ACC (0.97 per cent).
A total of 997 scrips advanced, 689 declined, while 77 remained unchanged.
Total securities that hit their price bands were 149.
Turnover in the cash segment fell to Rs 22,302.61 crore from Rs 23,462.74 crore yesterday.
A total of 14,524.93 lakh shares changed hands in 84,14,510 trades.
The market capitalisation of listed firms on the NSE stood at Rs 1,25,07,949.70 crore.
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