NTPC, rising over 7%, was the top Sensex gainer followed by Bharti Airtel, Titan, HCL Tech, SBI, PowerGrid, TCS and IndusInd Bank
Sensex settled at record 58,723.20, up 476.11 points or 0.82%, while the broader Nifty jumped 139.45 points 0.80% to a new peak of 17,519.45
Any correction would be short-lived and used as an opportunity to increase sub-optimal equity exposures.
It also added Indiamart Intermesh, Polycab India, Rolex Rings, Syngene International and Oberoi Realty as fresh entrants in the portfolio.
Rare Enterprises' purchase value stood at Rs 110.22 crore while that of Bofa Securities Europe SA was Rs 114.92 crore.
The market breadth remained in the favour of bulls as 1,717 shares advanced compared to 601 declining and 100 remained unchanged.
Retail sales growth in China slumped heavily in August further, accentuating the slowdown in the Chinese economy, the latest economic data shows.
A few IPOs are languishing below their issue price even in a market swamped by liquidity.
The overall market breadth was positive as 1,934 stocks advanced on the BSE, while 1,309 declined and 153 remained unchanged
Sensex settled at 58,247.09, up 69.33 points or 0.12%, while Nifty advanced 24.70 points or 0.14% to 17,380