In yet another rangebound session, the Indian market ended on a positive note, extending the winning run on third consecutive session amid positive cues including Gaza ceasefire deal, lower-than-expected US CPI inflation, which increases hopes of more rates cut by Fed this year and falling dollar and US bond yields further boosted investor sentiments.

At close, the Sensex was up 318.74 points or 0.42 percent at 77,042.82, and the Nifty was up 98.60 points or 0.42 percent at 23,311.80.

On the back of positive global cues, the Indian indices opened higher and pushed Nifty index to the day's high of 23,391.65, however, despite some profit booking, the market traded positive throughout the session mostly led by metal, power, PSU banks.

Biggest Nifty gainers included HDFC Life, Shriram Finance, SBI Life Insurance, Bharat Electronics, Adani Ports, while losers were Trent, Tata Consumer, Dr Reddy's Labs, HCL Tech, Wipro.

BSE Midcap index was up 1 percent and Smallcap indices rose 1.4 percent.

Among sectors, except Consumer Durables, IT, FMCG, pharma, all other sectoral indices ended in the green with metal, media, oil & gas, PSU bank, realty, auto up 0.5-2.5 percent.