The market clocked more than 1 percent gains for the third consecutive session on February 2, following the Union Budget and riding on positive global cues.
The BSE Sensex surged nearly 700 points to close above 59,500 levels, while the Nifty50 jumped over 200 poinst to close near 17,800 levels on Wednesday.
The broader markets also traded in line with the frontline indices as the Nifty Midcap 100 index gained 1.2 percent and Smallcap 100 index rose 1.4 percent. All sectors participated in the rally with Bank, Financial Services, FMCG, IT, Metal and Pharma being the prominent gainers.
Stocks that were in focus include Dr Lal PathLabs, which was the biggest gainer in the futures and options segment rising 7.72 percent to Rs 3,211.35, and Spandana Sphoorty Financial, which was locked at the 20 percent upper circuit at Rs 404.50 on the NSE.