Shares of Reliance Industries, HDFC Bank, Larsen & Toubro, Tata Consultancy Services and Maruti Suzuki emerged as the top contributor to the rally in the market.
The 30-share Sensex closed 246 points, or 63 percent higher at 39,298.38, with 24 stocks in the green, while Nifty finished 76 points, or 0.65 percent up at 11,661.85, with 35 stocks up and 15 down.
FIIs have been net buyers for the past four trading sessions and have poured in more than Rs 2,000 crore in Indian equity markets since October 11, provisional data showed.
Sensex closed 453.07 points higher or 1.17 percent at 39052.06, and the Nifty jumped 122.40 points or 1.07 percent at 11586.40.
Trends on SGX Nifty indicate a negative opening for the broader index in India
The Sensex was up 92.90 points at 38,598.99, and the Nifty was up 43.25 points at 11,471.55.
Vedanta, Mahindra & Mahindra and ONGC closed as the top gainers in the Sensex index, whereas Bharti Airtel, Infosys and Tata Motors emerged as the top losers in the index.
Sensex ended up 291.62 points or 0.76 percent at 38506.09, and the Nifty closed up 87.10 points or 0.77 percent at 11428.30. About 1100 shares have advanced, 1344 shares declined, and 184 shares are unchanged. Nifty Auto was the outperformer while IT stocks dragged.
Among the secondary indices, BSE Midcap outperformed Sensex, rising 0.44 percent while Smallcap index underperformed, ending with a mild gain of 0.12 percent.
The Sensex was up 87.39 points at 38,214.47, while Nifty was up 36.20 points at 11,341.20.
The secondary indices underperformed the benchmark. BSE Midcap and Smallcap indices ended 0.24 percent and 0.38 percent up, respectively.
Sensex ended 246.68 points higher or 0.65 percent at 38127.08, and the Nifty closed 70.50 points in the green at 11305.00. About 1083 shares have advanced, 1353 shares declined, and 163 shares are unchanged. Metals and IT were the top gainers.
Bharti Airtel, Reliance Industries, Hindustan Unilever and HCL Technologies settled as the top gainers in the Sensex index while IndusInd Bank, Yes Bank, Tata Motors, Vedanta and ICICI Bank emerged as the laggards.
Among secondary barometers, BSE Midcap and Smallcap indices climbed 1.38 percent and 0.66 percent, respectively, underperforming the Sensex.
Sensex ended 645.97 points higher or 1.72 percent at 38177.95. The Nifty closed 186.90 points in the green at 11313.30. About 1251 shares have advanced, 1232 shares declined, and 170 shares are unchanged. Banking index zoomed over 3 percent while IT stocks dragged.
FPIs were net sellers in Indian markets for Rs 494 crore while the DIIs were net buyers to the tune of Rs 904 crore on October 7, provisional data showed.
After opening lower, key indices moved higher and traded with decent gains for the most part of the day. However, the market failed to hold the gains as a fresh wave of selling emerged in the fag end, causing it to settle with losses.
While the rate cut of 25 basis points was already factored in, the market was expecting clear measures to address the concerns over the slowdown in the economy.
Among the sectors, Nifty Media ended close to 4 percent in the red while Bank Nifty was down 2.5 percent.
In the last four sessions, investors have lost Rs 3.85 lakh crore as the overall market capitalisation of BSE-listed firms dropped to Rs 1,44,60,517.42 crore from Rs 1,48,45,854.70 crore on Sept 26.
The Sensex was down 198.54 points or 0.52 percent at 38106.87, and the Nifty down 46.80 points or 0.41 percent at 11313.10. About 959 shares have advanced, 1498 shares declined, and 158 shares are unchanged.
The market opened higher but failed to hold the gains as concerns over the health of banks and NBFCs weighed on investor sentiment.
All sectoral indices closed in the red while Volatility index spiked 5 percent.
Investors kept their bets low amid lack of fresh triggers at home and mixed global cues, while rupee's slide against the US dollar weighed on sentiment.
The Sensex was down 155.24 points at 38,667.33, while Nifty was down 37.90 points at 11,474.50