For the week, Sensex jumped 1,353 points, or 3.7%, and Nifty climbed 391 points, or 3.55%.
The narrow trading band meant investors bought one heavyweight, only to offload another.
A weak dollar is an advantage for gold as the commodity becomes cheaper in other currencies, stoking demand.
Going by the historical trend, the market is witnessing a pre-election rally.
Retail quota of HDFC Life Insurance Company offer for sale got subscribed 1.07 times.
HCL Tech, HUL, HDFC Bank, Bajaj Auto and Sun Pharma were among the top gainers.
Tuesday's rally created Rs 1.23 lakh crore for BSE investors as the total mcap jumped to Rs 1,48,17,502.49 crore.
Several brokerages appear confident about the prospects of the bank.
Healthy buying by foreign portfolio investors (FPIs) is infusing confidence in the market.
Experts put it down to a pre-election rally, given strong FPI inflows amid a stronger rupee.
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