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The Sensex, which had lost 154 points in the previous session, bounced back to close higher by 152.80 points at 16,848.83.
The 50-share National Stock Exchange index Nifty also rose by 46.30 points to 4,998.95. In volatile trading, the Nifty touched the day's high of 5,017.90 and a low of 4,942.65.
Sensex heaviest and petrochemical giant RIL spurted by Rs 16.50 to close at Rs 2,116.70. IT stocks Infosys, TCS and Wipro also notched up decent gains in the range 1-2 per cent.
Besides IT stocks, auto shares also rose with Hero Honda, Maruti Suzuki and Tata Motors recording attracting buying. The sector index gained by 1.50 per cent to 6,777.49.
Secotral wise, the metal index was the best performer at 1.66 per cent.
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What's new and what's news? This is done every year. The market will continue to rise till Feb. Once the Ambani brothers are declared wealthiest in the world, it will start crashing like never before until it reaches it's apt value. This is nothing but games played by the broker's lobby every year. It's sad that the common investors lose out in this game.
The market will keep to rise until the Ambani brothers are declared wealthiest in the world. That's till about Feb. And then it will crash down to it's original value. This happens every year. What's new? And what's news? All fake bloating by the broker lobby!