Sentiments were boosted after Cabinet yesterday approved amendments to the GST bill raising hopes of passage by Parliament, equity brokers said.
Besides encouraging Q1 earnings by some blue-chip firms, positive global cues following key US Fed statement on optimism over economy too influenced sentiments.
The index recorded its second straight rise supported by short-covering by speculators in view of the last day of the futures and options July contract. Frenzied buying by funds lifted the Sensex to intra-day high of 27,854.46. It finally settled 141.92 points or 0.51 per cent higher at 27,705.35.