The 30-share BSE barometer, which notched up more than 400 points since the special session of Parliament was convened two day back, further shot up by 838.08 points, or 5.94 per cent, at 14,942.28 points on Wednesday.

The National Stock Exchange index Nifty also spurted by 236.70 points at 4,476.80 points, after touching the day's high of 4,491.55 points.

Marketmen said the government's survival has infused a fresh investment support into the bourses which have long benn waiting for a new direction.

Easing crude rates and strong global markets were other positive factors which propelled the domestic bourses, they said.

Brokers said banking stocks were distinctly higher after on speculation that new allies may allow the government to initiate reforms in banking. They said government may now be able revive the insurance and banking bills pending in Parliament.