The 30-share benchmark index ended the trade at 23649.22, higher by 267.35 points, while the NSE Nifty was at 7191.75, up by 83.30 points.
On the global front, Asian peers ended the day on a mixed note. While, European counters were seen trading in red.
Cipla has acquired two US-based firms InvaGen Pharmaceuticals and Exelan Pharmaceuticals for $550 million, the company said in a regulatory filing here on Thursday.
The stock ended the day at Rs 524, higher by 0.83 per cent on BSE. It touched an intraday high at Rs 529 during the trade.
Karnataka Bank has said that it has bagged IBA Banking Technology Award in the category of Best Risk and Fraud Management Initiative - runner up amongst small banks.
The stock ended the day at Rs 92.55, higher by 0.22 per cent on BSE. It touched an intraday high at Rs 95.10 during the trade.
Punjab National Bank plans to sell up to Rs 3,000-crore bad loans to asset reconstruction companies (ARCs) in the fourth quarter, said the media report.
The stock ended the day at Rs 72.55, lower by 0.14 per cent on NSE. It touched an intraday high at Rs 74.90during the trade.
Oil and Natural Gas jumped 5 per cent, after crude oil prices surged 7 per cent, following Iran's agreement towards a Russia-Saudi-led move to freeze production.
The stock ended the day at Rs 208.40, higher by 4.28 per cent on BSE. It touched an intraday high at Rs 210 during the trade.
Standard & Poor's Ratings Services has affirmed its 'BBB-' long-term rating on Union Bank of India (UBI) on expectations that the government will infuse capital into the lender.
The stock ended the day at Rs 113.50, lower by 1.18 per cent on BSE. It touched an intraday low at Rs 112 and high at Rs 120 during the trade.
Shares of software security solutions provider Quick Heal Technologies made a weak stock market debut today