Recovering from most of the week's losses, the 30-share BSE Sensex surged 290.79 points or 1.89 per cent, to settle at 15,689.12, the 50-share NSE Nifty closed at 4680.40, up 86.86 points or 1.89 per cent.
Following the same suit, the boader indices gained 1 per cent each.
Volumes also picked up to Rs 91,761.86 crore as against Rs 83,323.07 crore on Thursday, Sep 3.
4: 34 PM
Nifty gains on +ve European cues
Nifty gained strength and surged 0.5 to 0.9 per cent from the European markets that have opened on a positive note.
At 12: 45 pm, the NSE Nifty was up 27 points, to 4,621 and the BSE Sensex was up 89 points, to 15,486. The BSE Midcap and Smallcap indices gained 0.5 per cent each.
In the oil & gas space, IOC, HPCL, Reliance Industries and ONGC, Reliance Petroleum, BPCL and Cairn India gained. While stocks like Hindustan Zinc, Jindal Saw, Jindal Steel, JSW Steel, Sterlite Industries, Hindalco, SAIL and Tata Steel went up in metals.
In the auto space, Amtek Auto surged 10 per cent. M&M, Ashok Leyland, Escorts, Hero Honda and Bajaj Auto surged 1.5 to 3.5 per cent. Maruti Suzuki gained 0.75 per cent.
Among the Capital goods stocks, ABB, L&T, BHEL and Siemens gained 0.6 to 1 per cent.
Lupin, Ranbaxy Labs, Aurobindo Pharma, Dishman Pharma, Sun Pharma and Dr Reddys Labs were the gainers in the pharma pack.
2: 24 PM
Benchmarks rangebound; IT, telecom, power dip
The benchmarks are rangebound, the Sensex was trading between 15,395-15,450 while the Nifty was trading between 4,585-4615. At 12: 03, Nifty was up just 1 point, to 4,594 and the Sensex up 11 points, to 15,409.
The broader indices too followed the suit.
While realty, technology, telecom and select power stocks along with Tata Motors, HDFC, Cipla and Ambuja Cements were witnessing selling pressure, buying was seen in oil & gas exploration, metal, select pharma and auto companies' shares.
Mkts bounce back; ITC, Infy, HUL gain
The Indian markets opened the day with a positive bias. Sensex bounced back after four sessions of downtrend.
At 9:56 am, the NSE Nifty rose 12 points, to 4,605 and the BSE Sensex was up 35 points, to 15,433. The CNX Midcap went up 0.66 per cent, to 9,062 and the BSE Midcap up 0.89 per cent, to 6,979.
The markets are volatile. Metal, realty and select auto stocks were witnessing buying interest while FMCG was under pressure.
Among the frontliners the gainers were Unitech, SAIL, Suzlon Energy, Ranbaxy Labs, Jindal Steel, Sterlite Industries, GAIL, Reliance Power, DLF, Tata Motors and Hindalco. HUL, ITC, Cairn and Infosys were the losers.
In the midcaps space, Maytas Infra was locked at 5 per cent upper circuit. Nocil surged 3 per cent.
Other gainers were Brokerage stocks like JM Financial and Geojit BNP, Geodesic Info, S Kumars Nationwide, Arvind, Astra Micro, Shree Renuka Sugars, Amar Remedies, Ashok Leyland and Indiabulls Realty.
10: 23 AM