The 30-share barometer pushed higher by 211.04 points, or 0.66 per cent, to 32,393.26.
On the currency front, the rupee strengthened by 15-16 paise to close at 64.93 against the U.S. dollar from its previous close at 65.08-09. "BSE Sensex rose 192.38 points, or 0.59 per cent, to 32,625.07, while the Nifty 50 gained 64.35 points, or 0.63 per cent, to 1", 231.80", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 51.90 points or 0.51 per cent higher at 10,219.35 points.
Wholesale Price Index (WPI) inflation data for September will be released on Monday.
Meanwhile, Reliance Industries climbed as much as 2.1 per cent to a record high ahead of its September-quarter results. Meanwhile, Colgate Palmolive (down 3.20 per cent), Adani Enterprises (down 2.21 per cent), IDFC Bank (down 2.19 per cent), ABFRL (down 2.02 per cent) and MRPL (down 1.81 per cent) pared gains. On the other hand, healthcare index was down 0.29 per cent, FMCG 0.25 per cent, capital goods and oil & gas 0.14 per cent each.
Globally, markets remained weak with China's blue-chip CSI300 index falling 0.2 per cent to 3,913.45, while the Shanghai Composite Index lost 0.4 per cent to 3,378.47.
Major gainers that shot the key indices to record highs were Cipla, Tata Motors, Bharti Airtel, Hindustan Unilever, M&M, Power Grid, Dr Reddy's, Tata Steel, Bajaj Auto, Kotak Bank, ITC Ltd, Asian Paint and L&T, rising by up to 2.07 per cent. As per this news, the response to the stock market increased.
In Asia, Japan's Nikkei rallied for a sixth day to a level not seen since November 1996.