Indian markets closed the day sharply higher after global markets rallied on hopes that there would be an early resolution to the debt crisis in Greece.
Shares in Hero Motor Company was the top loser in trade after reports that the promoters were selling a stake in the company. The stock was down a huge 5 per cent.
Stocks like DLF, Bharti Airtel, ONGC and Bajaj Auto were the stocks that declined from the Nifty. Shares in Suzlon continued to see bargain buying after the Sun Pharma promoter bought a stake in the company.
Shares in government owned banks ended the day much higher after reports of capital infusion in these banks.
State Bank of India, Punjab National Bank and Bank of Baroda were among the gainers in trade. Meanwhile, markets across Asia ended the day sharply higher after strong closings across the US markets.
European markets were also having a solid session in trade with the German DAX, French CAC and the UK's FTSE all higher.