The market bounced back after a day of sharp correction and gained half a percent on January 13, backed by banking and financial services, metal, auto, and technology stocks.
The BSE Sensex gained more than 300 points to 60,261, while the Nifty50 climbed nearly 100 points to 17,957 and formed a bullish candle on the daily charts by decisively defending the 17,800 mark.
The broader markets traded mixed and underperformed the frontliners. The Nifty Midcap 100 index was down 0.1 percent and Smallcap 100 index was up 0.3 percent.
Stocks that were in action and performed better than broader markets included Rain Industries which was the second largest gainer in the futures and options segment, rising 4 percent to Rs 184 and formed a robust bullish candle which resembles bullish engulfing kind of pattern formation on the daily charts with strong volumes.