The broader Nifty rose by 19.50 points or 0.09 per cent to close at a record 22,493.55. During the day, it climbed 51.6 points or 0.22 per cent to an all-time high of 22,525.65.
"Equity benchmark indices edged higher after hitting a record high amid a firm trend in the US market and FII inflows,"
Faster-than-expected economic growth for the current fiscal year boosted sentiments for metal and capital goods stocks,
Among Sensex firms,
Mahindra & Mahindra, Reliance Industries, Axis Bank, ICICI Bank and Power Grid were among the laggards.
In the broader market, the BSE smallcap gauge climbed 0.70 per cent and midcap index spurted by 0.39 per cent.
Among the indices, metal jumped 1.36 per cent, capital goods climbed 1.05 per cent. Commodities (1 per cent), FMCG (0.98 per cent), telecommunication (0.98 per cent) and industrials (0.93 per cent) also advanced.
Auto, bankex, oil & gas and realty were the laggards.
In Asian markets, Seoul settled in the green while Tokyo, Shanghai and Hong Kong ended lower.
European markets were trading on a mixed note. The US markets ended in positive territory on Wednesday.
Analysts said that global indices exhibited mixed sentiments, driven by the Fed's signals of hope for a potential rate cut this year.
Further clarity on the labour market, anticipated with the release of non-farm payroll data on Friday, will offer insights into potential rate adjustments, they added.
Foreign Institutional Investors (FIIs) bought equities worth Rs 2,766.75 crore on Wednesday, according to exchange data.
Global oil benchmark Brent crude dipped 0.65 per cent to USD 82.42 a barrel.
The BSE benchmark jumped 408.86 points or 0.55 per cent to settle at a new record high of 74,085.99 on Wednesday. The Nifty climbed 117.75 points or 0.53 per cent to settle at a fresh closing peak of 22,474.05.