Frenzied buying in the last one-hour of trading saw the Sensex zoom to a high of 10,573.
The index finally ended with a huge gain of 1.9% (195 points) at 10,565.
The Nifty has gained 39 points to 3114.
ACC soared to a high of Rs 700, and finally finished with a gain of 10.3% at Rs 692. Grasim added 4.4% to Rs 1,819, and Gujarat Ambuja spurted nearly 3% to Rs 90.75.
Maruti zoomed 7.5% to Rs 885. Bajaj Auto rallied 4.4% to Rs 2,715, and Tata Motors gained nearly 4% at Rs 846. Hero Honda was up 1% at Rs 896.
BHEL surged 5% to Rs 2,128. Larsen & Toubro moved up 2.9% to Rs 2,466. HLL scaled 1.2% to Rs 245.
Bharti Tele rallied 4.5% to Rs 378. Satyam advanced 4.2% to Rs 801. Infosys and TCS added 2.7% each to Rs 2,906 and Rs 1,740, respectively. Wipro ended with a gain of 1.5% at Rs 528.
Hindalco gained nearly 4% at Rs 159. Tata Steel spurted 2.7% to Rs 442. Tata Power was up 2.2% at Rs 522, and NTPC finished with a gain of 1.5% at Rs 133.
Ranbaxy and Dr.Reddy's rallied over 1.5% each to Rs 436 and Rs 1,323, respectively.
ONGC - down 1.3% at Rs 1,122 - was the only notable loser among the Sensex stocks today.