It was another broad based rally on the bourses with beaten down names like Tata Motors, Coal India and ONGC leading gainers in trade.
The Sensex ended the day higher by 147 points, while the Nifty gained 33.60 points in trade. IT stocks did not have a very good session in trade with Infosys and TCS among the losers, as the rupee strengthened against the dollar. Weaker employment data also left investors worried on growth in the world's largest economy.
Among the mid cap stocks Kaveri Seed saw a huge jump in its share price rallying almost 6 per cent in trade on buying support. The stock price has almost halved in the last few months.
The mid cap index was up in line with the index stocks with gainers being led by stocks like CESC, Bata India, Adani Power and Hindustan Petroleum.
Shares in Wockhardt jumped 3 per cent after the company said that UK MHRA has not found any critical observations after inspection of the company's Chikalthana unit.
The Indian Overseas Bank stocks fell after reports that the Reserve Bank of India has started prompt corrective action on the bank to deal NPAs.
Meanwhile, markets across Asia ended the day higher led by gains in the Japanese Nikkei, Singapore's Strait Times and the Indonesian Jakarta Composite.