The Sensex and the Nifty ended the day higher after the volatile trade. The Sensex ended higher by 142 points, while the Nifty ended the day up by 26 points.
Jindal Steel and Power was the top gainer in trade after coal block allocations. The stock at one stage had surged as much as 22 per cent in trade.
Infosys and Mahindra and Mahindra were the other gainers in trade today. Infosys gained after the company bagged a multi-year service contract from ABN Amro.
Shares in Suzlon which had rallied a huge 35 per cent in two trading sessions after Dilip Sanghvi picked a stake in the company lost ground and ended the day sharply lower.
Shares in Zen Tech rallied after the company signed an MOU with Rockwell Collins. The shares ended the day higher by almost 10 per cent in trade.
Meanwhile, markets across Asia rallied on strong closings with the Japanese Nikkei closing at a 15 year high. European markets were a tad weak in trade as oil fell and worries over the Greece debt.