Reliance Industries, Bajaj Finserv, Sun Pharma, HCL Technologies, TCS, Asian Paints, Infosys and IndusInd Bank were among the major gainers.
Reliance Industries, Bajaj Finserv, Sun Pharma, HCL Technologies, TCS, Asian Paints, Infosys and IndusInd Bank were among the major gainers.
The benchmark Sensex rallied 437 points on Thursday amid heavy buying in index heavyweight Reliance Industries and a positive trend from European markets.
The 30-share BSE Sensex jumped 436.94 points, or 0.79%, to end at 55,818.11. During the day, it closed at 55,891.92 with a gain of 510.75 points or 0.92%.
The broader NSE Nifty climbed 105.25 points, or 0.64%, to end at 16,628.
From the Sensex pack, Reliance Industries, Bajaj Finserv, Sun Pharma, HCL Technologies, TCS, Asian Paints, Infosys and IndusInd Bank were the major gainers.
In contrast, HDFC, Hindustan Unilever, PowerGrid and HDFC Bank were the biggest laggards.
“GST collection and high frequency data like PMI have shown a good start in FY 2013. Crude oil prices have declined, which has strengthened the performance of the Indian market.
“However, a lot will depend on the central bank’s policy in India and the US, which will be announced in the next two weeks,” said Vinod Nair, head of research, Geojit Financial Services.
Elsewhere in Asia, markets in Tokyo, Hong Kong and Seoul ended lower, while Shanghai remained in the green.
European markets were trading with gains during afternoon trading.
The US stock markets closed with a fall on Wednesday.
Meanwhile, international oil benchmark Brent crude fell 2.21% to $113.7 per barrel.
Foreign institutional investors sold shares worth a net ₹1,930.16 crore on Wednesday, according to stock exchange data.