A firming trend at other Asian markets tracking rebound on the Wall Street on positive data supported the indices to recoup most of yesterday's lost ground.
Foodgrains and common-use products like hair oil, soaps and toothpaste will cost less from July 1 when GST is due to be rolled out.
Coal India rallied 2.62 per cent, followed by NTPC and PowerGrid. The goods and services tax (GST) on coal has been brought down to 5 per cent form the current tax incidence of 11.69 per cent, making electricity generation cheaper.
The largest lender SBI rose 1.98 per cent to Rs 308.95 ahead of its earnings to be announced later in the day.
Other gainers that supported the recovery were ITC Ltd, Hindustan Unilever, ICICI Bank, Tata Motors, Axis Bank, Tata Steel, Hero MotoCorp, Lupin, ONGC, Bajaj Auto, Adani Ports and Reliance Industries, rising by up to 4.44 per cent.
In the Asian region, Hong Kong's Hang Seng rose 0.30 per cent, Shanghai Composite rose 0.12 per cent and Japan's Nikkei gained 0.19 per cent in early deals today.
The US Dow Jones Industrial Average ended 0.27 per cent higher yesterday.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)