Marketmen said buying got a boost by RBI's cutting key rates over the weekend to inject an estimated Rs 85,000 crore into the system.

The BSE barometer, which has been on a gaining spree since 'Muhurat' trading, advanced further by 549.62 points to close at 10,337.68 points.

The bellwether index has gained over 1,828 points in four trading sessions.

The wide-based National Stock Exchange rose by 158.25 points at 3,043.85 points.

A firming global trend was another boosting factor for the market with almost all the banking and interest-sensitive realty stocks recording heavy gains.

Capital goods index shot up by 574.61 points at 7,592.22 with stocks of BHEL, Larsen and Toubro, Siemens, Gammons India and Reliance Infra rising smartly.

Banking index rose by 376.15 points at 5,387.39, with all banking stocks recording gains of up to 14.36 per cent.

Oil and gas sector index shot up by 351.50 points at 6,547.12 as segment major Reliance Industries surged Rs 66.30 at Rs 1,437.05, ONGC by Rs 40.90 at Rs 710.70, Aban Offshore by Rs 87 at Rs 882.60.

PSU segment index gained 280.33 points at 4,845.25, metal index by 254.77 points at 5,622.37, realty index by 164.04 points to 2,142.28, power index by 102.62 points at 1,685.99, healthcare index by 79.40 points at 2,858.04, FMCG index by 72.07 points at 1,871.90, auto index by 60.20 points at 2,745.82, consumer durable index by 31.53 points at 2,104.51 and IT by 12.42 points at 2,874.36.