The 30-share BSE Sensex closed at 16,496.05, up 332.61 points or 2.06 pc.
The 50-share NSE Nifty settled at 4,931.85, with rally of 101.75 points or 2.11pc over previous closing value.
Buying was seen across all sectors; metal, realty, FMCG, banking and capital goods were the major gaining sectors.
However, Power Grid, Sun Pharma, HUL and Ranbaxy were the only losers on the NSE Nifty.
In Asian markets, Shanghai was up 2.36 pc and Hang Seng up 2.2 pc. Straits Times and Taiwan Weighted gained 1.6 pc each. Kospi was up 1.2 pc, Jakarta up 0.94 pc and Nikkei up 0.32 pc.
European markets were trading 0.4 pc higher and US index futures were trading marginally higher, at the time of closing of Indian equities.
Nifty trading with +ve bias; Sterlite, HDFC up
At 12.24 pm, the Nifty was trading with positive bias and was up more than 100 points. Heavy buying was seen in metal, realty, capital goods, IT, banks, oil&gas stocks.
The Sensex was up 327.29 points or 2.02 pc at 16490.73, and the Nifty was up 105.50 points or 2.18 pc at 4935.60.
About 2000 shares advanced, 908 shares declined, and 231 shares were unchanged.
All the BSE sectoral indices were trading in the green with more than 1 pc gain each.
The broader market was underperforming largecaps in today's trade. The BSE Midcap and Smallcap Index were up 1.4 pc each.
In the largecap space, Sterlite Industries was the top gainer with more than 5 pc gain. HDFC, Mahindra and Mahindra, DLF and Larsen were up more than 3 pc each.
On the losing side, Maruti Suzuki was the only stock on the Nifty trading marginally in the red.
Nifty rallies on positive Asian cues; metals gain
At 11:30 am, the Nifty was trading above the 4900 mark, with around 100 points gain following sharp upmove in Asian markets.
The 30-share BSE was trading at 16477, up 313 points and the Nifty was at 4927, up 97 points.
All BSE sectoral indices were in the green; the Metal, Realty and Capital Goods were the major gaining sectors. Respective indices moved up 2-3 pc.
In the largecaps, Sterlite Industries, DLF, Tata Steel, HDFC, L&T and Siemens gained 2.8-4.8 pc. However, HUL and Power Grid were the only losers.
In Asian markerts, Shanghai, Hang Seng, Straits Times, Kospi and Taiwan went up 1-1.5 pc. Nikkei was up 0.5 pc and Jakarta up 0.8 pc.
Sensex bounces back on global cues; SBI, TCS up
The benchmark Sensex started the day on a positive note, on the back of good global cues.
At 9:02 am, the Nifty was trading at 4876, up 46 points and the Sensex was at 16319, up 156 points.
The CNX Midcap was up 83 points at 7328 and the BSE Smallcap up 78 points at 8470. About 636 shares advanced while 33 shares declined on the NSE.
Among the frontliners, Sterlite, Cairn, JSPL, SAIL, Hindalco, Unitech, DLF, Jaiprakash Associates, Siemens, SBI and TCS were seeing buying interest.
However, Idea Cellular, BPCL and Sun Pharma were the losers.
Asian markets were trading higher. Hang Seng, Jakarta, Straits Times, Kospi and Taiwan gained 0.8-1 pc. Nikkei was up 0.3 pc while Shanghai was flat.
The US markets gained on back of strong economic data and commodities gained.