The Sensex ended the day sharply higher by gaining 154 points, while the Nifty ended the day higher by 45 points.
Shares of Tulip Telecom rose more than 4% on plans of long term debt-restructuring
Metal stocks were trading higher with Jindal Steel (3.32%), Hindalco ( 2.99%), Tata Steel (2.52%) and JSW Steel (2.67%).
All the sectors on BSE ended the day in green with Realty, Metal, Bankex leading the rally.
Kingfisher Airlines ended the day lower after losing permit to fly after deadline to renew its flying permit expired on Monday.
Among the gainers in trade today were Reliance Infra, JIndal Steel, Hindalco and PNB
Among the losers in trade were PwerGrid, NTPC, Infosys and Hero Motocop.