At the close of trade on Thursday, the market valuation of BSE-listed firms had been Rs 1,50,25,175.49 crore.
The Sensex had hit its all-time high of 40,124.96 during the trade on May 23, the day election results were announced.
Hemang Jani, Head (Advisory), Sharekhan by BNP Paribas said, "Indian markets end the day on a positive note. The markets continue their upward trend supported by FII (foreign institutional investor) buying in the past two consecutive trading days. The current government wining the general elections by a two-thirds of majority will clam the political environment in the country."
He said slowdown in global growth, US-China trade war along with rise in oil prices pose an immediate threat to domestic markets
"However, post the elections, we now expect the market to revert to fundamental issues such as earnings growth," Jani added.
From the 30-share pack, 17 scrips gained led by Tata Steel, YES Bank, NTPC, Larsen and Toubro, Axis Bank and State Bank of India.
Among sectoral indices, the BSE capital goods, power, industrials, utilities, metal and realty indices rallied up to 3.06 per cent.
In the broader market, the S&P BSE Midcap index gained 1.13 per cent and BSE Smallcap 1.77 per cent.
On the BSE, 1,793 scrips advanced, while 785 declined and 188 remained unchanged.