On the Sensex chart, M&M, Bharti Airtel, RIL, IndusInd Bank, ICICI Bank and Tata Steel were among the major gainers.
The BSE gauge Sensex rose over 500 points to retest the key 61,000 level on Wednesday as participants expected strong quarterly results by the companies.
Extending its winning run for the fourth straight session, the 30-share Sensex closed 533.15 points or 0.88% higher at 61,150.04. Intra-day, the index touched its highest point at 61,218.19.
Similarly, the NSE benchmark Nifty closed 156.60 points or 0.87% higher at 18,212.35.
On the Sensex chart, M&M, Bharti Airtel, RIL, IndusInd Bank, ICICI Bank and Tata Steel were the major gainers – rising up to 4.68%.
In contrast, TCS, Titan, HDFC Bank, Tech Mahindra, Wipro and Nestle closed in the red.
Analysts said short-term momentum indicates that the market is in complete control of the bulls and the benchmark is likely to remain flexible on the good results expected from the three IT majors.
Starting Saturday, the results of major banks are also expected to be good, as provisioning declined and net interest margin increased, he said.
Elsewhere in Asia, most markets closed higher in line with positive Wall Street.
On the forex market front, the rupee edged higher by 1 paise at 73.93 (provisional) against the US dollar.
Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth Rs 111.91 crore on Tuesday, according to stock exchange data.
,