The BSE 30-share gauge resumed higher and moved in a range of almost 190 points before settling at new peak of 26,147.33, a rise of 121.53 points or 0.47 percent. Its highest level at close was 26,100.08 hit on July 7. Sensex , however, failed to cross previous all-time high of 26,190.44 recorded on July 8, 2014 as it touched 26,188.64 intra-day.

In straight seven sessions, the Sensex has now garnered 1,140.35 points or 4.56 per cent. This is its longest winning run since September 2012.

Asian stocks closed mixed with upward bias. Indices in China, Hong Kong, Singapore and Taiwan closed higher while from Japan and South Korea ended slightly lower.

European markets, however, trading better in their late morning deals. France's CAC was up by 0.42 percent, Germany's DAX by 0.36 percent and the UK's FTSE by 0.19 percent.

Shares of Jet Airways, which suffered a loss of Rs 4,130 crore in 2013-14, rose over 3 percent after the firm said it aims to turn profitable in the next three years.

In other market activity, JSW Energy scrip rose after reporting earnings. KPIT Technologies slumped over 11 per cent after results.

In the BSE Sensex, 17 scrips ended higher while 13 others closed lower. Besides TCS, Infosys and Wipro, other gainers included Hindalco 2.58 percent, M&M 1.58 percent, ICICI Bank 1.52 percent, Bajaj Auto 1.48 percent, Hero MotoCorp 1.27 percent and SBI 0.65 percent.

Tata Steel fell by 1.27 per cent and Tata Power 1.25 percent, leading the Sensex laggards.

Among the S&P BSE sectoral indices, IT rose by 2.24 percent and Teck 1.74 percent.

"Selective buying in index heavyweights and particularly IT sector maintained buying momentum on the bourses," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.

Market breadth remained negative as 1,649 stocks ended in red, 1,318 stocks finished in green while 98 ruled steady.

Total turnover declined slightly to Rs 3,029.20 crore from Rs 3,029.89 crore.