The Sensex ended higher by 146 points, while the Nifty gained 37 points in trade.
Shares of HCL Technologies rallied 6 per cent in trade today, following a spectacular set of results. The shares of the company were trading at Rs 713, a level last seen in trading on Feb 20, 2000.
Shares in Oil Marketing Companies, ONGC and Oil India flared, following reports of de-regulation of diesel prices. HPCL rallied 5.49%, Indian Oil jumped 6.61%, ONGC rallied 4 per cent and BPCL gained 3.77%.
IT stocks gained on back on better than expected earnings season. wipro gained 2.63%, Tech Mahindra was up by 2.22% and HCL surged by 5-6%.
Bharti Infratel, will be included in the list of BSE 500 companies with effect from January 21, 2013, with Deccan chronicle making way.
Among the sectoral indices on BSE, Oil & Gas sector was leading the rally followed by Realty, PSU and TECk.