On Monday following encouraging domestic macroeconomics data amid a firm trend in the global market, benchmark equity indices Sensex and Nifty rallied for the second straight session.
Traders said that fresh foreign fund inflows and intense buying in IT and commodity stocks also bolstered sentiment.
The BSE benchmark Sensex jumped 240.98 points or 0.37 per cent to settle at 65,628.14. During the day, it jumped 296.75 points or 0.45 per cent to 65,683.91.
The Nifty rose 93.50 points or 0.48 per cent to end at 19,528.80.
Wipro was the biggest gainer in the Sensex pack, rising 4.34 per cent, followed by HCL Tech, UltraTech Cement, Tata Steel, Tech Mahindra, NTPC, Infosys, Power Grid, Tata Consultancy Services and State Bank of India.
Mahindra & Mahindra, ITC, Axis Bank, Nestle, Kotak Mahindra Bank and Asian Paints were among the laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended with gains.
Early trades saw European markets trading in the green. On Friday, the US markets mainly closed in the green.
Manufacturing activities in India gained momentum in August as new orders and output increased at the quickest rates in nearly three years, according to a survey released on Friday.
GST collections increased by 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season.
Domestic passenger vehicle sales set a record in August, driven by Maruti Suzuki, which posted its highest-ever monthly dispatches as a result of holiday demand and the sustained strong offtake of SUVs.
Global oil benchmark Brent crude climbed 0.09 per cent to USD 88.64 a barrel.
Foreign Institutional Investors (FIIs) were buyers on Friday as they bought equities worth Rs 487.94 crore, according to exchange data.
The BSE barometer had on Friday ended higher by 555.75 points or 0.86 per cent at 65,387.16. The Nifty had spurted by 181.50 points or 0.94 per cent to settle at 19,435.30.
