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.
Climbing for the seventh session on the trot, the BSE Sensex soared 680.22 points or 1.60 per cent to close above the 43,000-mark for the first time at 43,277.65.
Already up strongly on Joe Biden's US election win, markets massively accelerated gains after Pfizer and BioNTech said their vaccine was 90 percent effective in preventing Covid-19 infections.
After touching its lifetime intra-day peak of 42,645.33, the 30-share BSE index ended 704.37 points or 1.68 per cent higher at 42,597.43 -- its record closing high.
The Dow Jones Industrial Average gained 1.9 per cent to 28,390.18. The Nasdaq composite climbed 2.6 per cent to 11,890.93.
The news compounded the downbeat mood on trading floors, where investors were already feeling pessimistic over US lawmakers' failure to pass a new stimulus bill.
The Travancore Devaswom Board (TDB) is on a treasure hunt to relieve itself of severe cash crunch.
Indians who have plans to travel to the US for academics or jobs are, in fact, seen starting to save early by making investments in the US markets.
According to traders, domestic investors shrugged off weak cues from global markets and focussed on positive factors like sustained foreign fund inflows.
After touching a high of 36,110.21, the 30-share index was trading 204.90 points, or 0.57 per cent, higher at 36,048.60, while the NSE Nifty rose 75.80 points, or 0.72 per cent, to 10,627.50.
The 30-share index was trading 323.91 points, or 0.92 per cent, lower at 34,847.36, while the NSE Nifty fell 83.65 points, or 0.81 per cent, to 10,299.35.
The Hinduja Group flagship firm on Thursday reported a 92.31 per cent decline in consolidated net profit at Rs 57.78 crore in the fourth quarter ended March 31.