Of the 30-share Sensex, 29 scrips led by HDFC, GAIL, L&T, Tata Power, Tata Steel, Dr Reddy, Infosys, Cipla and Coal India gained. SBI, ONGC, RIL, Axis Bank and Sun Pharma also rose. However, Bharti Airtel finished lower.

The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75. It also ended at fresh all-time high of 8,322.20, surging 153 points, or 1.87 per cent. Previously, it touched an intra-day record high of 8,181.55 yesterday.

Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 1,257.49 crore yesterday.

Asia was led by Japan's Nikkei that surged 4.6 per cent while indices in Singapore, Hong Kong, Korea and China rose in 1-2 percent range. European also surged in late morning trade.

Sectorwide, the BSE Capital Goods index gained the most by rising 2.66 per cent, followed by Oil & Gas index by 2.19 per cent, IT index 1.96 per cent, Power index 1.94 per cent, Metal index 1.91 and Banking index 1.76 per cent.

Indicating strong revival of retail interest, midcap index gained 1.24 per cent higher and the small-cap barometer rose by 0.96 per cent.