The move comes amid several representations from pulses associations against the government's earlier orders limiting the stocks of pulses that wholesalers, retailers and millers could store.
The 30-share BSE Sensex has zoomed 2,973.56 points or 6 per cent so far this fiscal. The BSE benchmark index reached its all-time high of 53,126.73 on June 28.
The 30-share BSE index was trading 306.57 points or 0.60 per cent higher at 51,421.79, and the broader NSE Nifty surged 101.15 points or 0.66 per cent to 15,439.
Asian Paints was the top gainer in the Sensex pack, advancing nearly 3 per cent, followed by M&M, Titan, Bajaj Finserv, Nestle India, NTPC, HUL, ONGC and Infosys.
Among stocks, IndusInd Bank jumped by 7.5 per cent to Rs 958 per share. ICICI Bank was up by 4.4 per cent, HDFC Bank by 3.7 per cent and Axis Bank by 3.4 per cent.
On the Sensex chart, Bajaj Auto, HDFC, Tech Mahindra, Infosys, Nestle India, Maruti and Titan emerged as the prominent gainers, advancing up to 2.61 per cent.
Besides, investors will keep tracking latest developments and trends on the COVID-19 pandemic front, especially the vaccine rollout in the country.
The 30-share BSE index touched its lifetime intra-day high of 48,168.22 in early trade.
The NSE Nifty ended 123.95 points or 0.90 per cent up at new closing high of 13,873.20. It also touched its all-time intra-day high of 13,885.30.
The S&P BSE IT index surged 2.34 per cent. Among individual stocks, Wipro’s stock on BSE touched a 20 year high at Rs 385.4, a 5.9 per cent increase from the previous close of Rs 364.
In the month of March this year, the Indian equity market in general, and Small Cap stocks in particular, appeared headed for a complete rout.
The shares of the company opened on a weak note at Rs 297.80, then fell to a low of Rs 289.95, down 3.73 per cent over its previous closing price.
The broad-based S&P 500 gained 0.5 percent to 2,738.97, while the tech-rich Nasdaq Composite Index increased 0.4 percent to 7,427.95.
The trading was backed by sustained buying mainly in realty, metal, banking, power, oil & gas and utilities stocks amid firm Asian cues.
The BSE Sensex staged a strong comeback to end higher by nearly 117 points, reversing its three-session losing run on gains in telecom, energy, realty, oil & gas and IT stocks amid firm global cues.