The equity benchmark Sensex climbed about 500 points to reclaim the 74,000 mark while the Nifty finished above the 22,550 level on Thursday, boosted by strong buying in banking, financial, and metal shares.
The 30-share BSE Sensex soared 486.50 points or 0.66 percent to 74,339.44. During the day, it rose 718.31 points or 0.97 percent to 74,571.25.
The NSE Nifty moved 167.95 points or 0.75 percent to 22,570.35.
Axis Bank, SBI, Dr Reddy’s Labs, Bank Of Baroda Canara Bank, JSW Steel, RECL, and Nestle India were the top gainers.
Among the laggards were Kotak Mahindra Bank, Avenue Supermarkets, ICICI Prudential, LTI Mindtree, Shree Cement, and Hindustan Unilever.
In Asian markets, Shanghai, and Hong Kong concluded higher, while Tokyo, Taiwan, Malaysia, and South Korea finished lower.
European stocks were trading on a mixed note.
US markets concluded on a mixed note on Wednesday.
Brent crude gained 0.06 percent to USD 88.04 per barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 2,511.74 crore on Wednesday.
On Wednesday, the Sensex climbed 114.49 points or 0.16 percent to 73,852.94, while the Nifty surged 34.40 points or 0.15 percent to 22,402.40.
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