Other factors like prospects of additional liquidity, healthy buying in bluechip stocks, along with hopes of better quarterly results aided in the key indices upward trajectory.
The broader 50-scrip Nifty at the National Stock Exchange (NSE) provisionally closed at 10,343.80 points, up 0.47 per cent or 48.45 points.
Calcutta Stock Exchange (CSE), which had seen a halt in its trading activity since 2013, is seeking SEBI approval for setting up clearing corporation as a separate legal entity.
The 30-scrip Sensitive Index (Sensex) of the BSE closed above the psychologically important 32,000-mark, which was breached for the first time on July 13.
Positive global cues tracking another record close on Wall Street on account of buoyant US data and hopes for tax reform too helped the domestic rally.
The BSE Sensex ended up 174.33 points, or 0.55 per cent, at 31,671.71. The gauge had gained 337.57 points in the previous three sessions.
The 30-share barometer closed at 32,241.93, a minuscule gain of 55.52 points, or 0.17 per cent -- the highest closing since August 7 when it ended at 32,273.67.
Sensex advanced by 27.75 points to 32,186.41 where as Nifty closed in red with 13.75 points down at 10,079.30
The BSE Sensex breached the 32,000-mark by climbing 276 points to close at over one-month high of 32,158.66 ahead of key macroeconomic data.
Stocks consolidated further today as absence of any big trigger forced investors' hand to stay cautious, with both Sensex and Nifty closing on a flat note with a positive leaning.
The NSE Nifty too ended on a high, up 56.50 points, or 0.57 per cent, at 9,974.40 after shuttling between 9,983.45 and 9,909.85 during the day.
Most of the Asian markets ended lower and European shares opened in the red as geopolitical tensions escalated after North Korea fired a ballistic missile over northern Japan, brokers said.
The 30-share index was up 110.18 points -- 0.34 per cent -- at 31,678.19. It had gained 309.16 points in the previous two sessions.
The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4.
According to a report in Economic Times, the government feels that the Permanent Account Number (PAN) may not be enough to plug tax leaks.
Rising for the second day in a row, the 30-share index rose by 150.88 points, or 0.46 per cent, to hit a new peak of 32,533.34.
Benchmark indices closed rangebound session higher today after the GST Council finalised rates for some commodities and looked confident of the indirect tax regime's rollout scheduled from July 1.
The 30-share Sensex settled the session lower by 63.61 points, or 0.21 per cent, at 30,301.64.
The Sensex on Wednesday scaled a new high with closing over the mark of 30,000 on strong global cues and healthy corporate earnings.
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