Meanwhile, the broader-based Nifty index of National Stock Exchange surged 155.35 points to close at 4,504.00. It has hit a day's high of 4,522.40 in late trade before closing.
Today's sharp rally was led by Banking, realty, energy and capital goods stocks, which were the major gainers of the day.
All the sectoral indices of BSE managed to end the day in green.
Mid and Small cap indices gained nearly 1.5 per cent to close at 5,837.01 and 6,982.39, respectively, marketmen observed.
Realty index soared 7.35 pc, Bankex zoomed 6.06, whereas PSU, Capital Goods and power index surged over 3.5 per cent during the day trade.
The market breadth was fairly positive as about 1779 shares advanced while 1115 shares declined and about 279 shares remained unchanged.
Turnover was strong and it stood at Rs 79,448.35 crore, which included Rs 14,166.52 crore from NSE, Rs 8,889.38 crore from NSE F &O and Rs 6,392.45 crore from BSE.
Among top index gainers, State Bank of India and ICICI Bank zoomed over 7 per cent each to Rs 1,521 and Rs 713, respectively. HDFC soared 4.7 per cent to Rs 2,445 and HDFC Bank surged 3.5 per cent to Rs 1,341.
DLF, Jaiprakash Associates and ONGC surged around 7 per cent each to Rs 530, Rs 174 and Rs 1,102, respectively. Reliance Infrastructure gained 6 per cent at Rs 1,042 and Larsen &Toubro rallied by over 4.5 pc at Rs 2,681.
TCS, Reliance Communications and Wipro surged 4 percent each to Rs 849, Rs 405 and Rs 451 respectively.
However, Ranbaxy and Tata Motors fell nearly 2 per cent each to Rs 490 and Rs 430, respectively.