Equity benchmarks closed higher on Tuesday mainly led by buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows.
Besides, firming trends in Asian gauges and record GST collections in April added to the optimism.
Gaining for the eighth consecutive day, the 30-share BSE Sensex rose 242.27 points, or 0.40%, to close at 61,354.71. During the day, it gained 373.8 points, or 0.61%, to 61,486.24.
The broader NSE Nifty settled 82.65 points or 0.46% higher at 18,147.65.
Tech Mahindra, NTPC, Tata Steel, Maruti, Infosys, Power Grid, Larsen & Toubro, Axis Bank, Titan, Reliance Industries, Wipro and Mahindra & Mahindra were among the top gainers among Sensex firms.
Sun Pharma, UltraTech Cement, Tata Motors, Kotak Mahindra Bank, Bajaj Finance, State Bank of India and Nestle were among the laggards.
In the Asian markets, Seoul, Japan, Shanghai and Hong Kong closed in the green.
Equity markets in Europe were mostly trading with losses. US markets closed with a slight decline on Monday.
GST collections rose 12% year-on-year to over Rs 1.87 lakh crore in April, the highest ever monthly level, showed Finance Ministry data released on Monday.
Manufacturing activity in India picked up further and rose to a four-month high in April on strong new business growth, easing price pressures, improved international sales and supply-chain conditions, a monthly survey said on Monday. increased by improvement.
Foreign institutional investors (FIIs) were buyers on Friday as they bought equities worth Rs 3,304.32 crore, according to exchange data.
Markets now await the US Federal Reserve’s interest rate decision on Wednesday.
The stock market remained closed on Monday on account of Maharashtra Day.
On Friday, the BSE benchmark had jumped 463.06 points or 0.76% to close at 61,112.44. The Nifty had settled at 18,065, up 149.95 points or 0.84%.
Meanwhile, global oil benchmark Brent crude fell 0.38% to $79.03 per barrel.