With over 1057 shares advancing, Dr Reddy's Labs, SBI, BHEL and Axis Bank were among the top gainers
DIIs asked to become 'buyers' in the equity market
Still, analysts said markets would stabilise as investors await word on who will be appointed as the next RBI Governor
The benchmark index up by 129 points; Coal India & Tata Steel among the biggest gainers
In the past five sessions, FIIs bought in shares worth less than Rs 1,100 cr in cash segment
The Sensex added 0.3 per cent at the close in Mumbai, extending last week's 5.3 per cent rally, the steepest since March
Auto stocks will also take centre-stage as monthly sales figures roll in, experts say
L&T, Tech Mahindra, BPCL, and ITC were up more than 8% each after reported a better-than-expected Q4 results.
Sensex closes 486 points higher, Nifty above 8,050
Lupin slumps over 9%
This is part of the exchange's semi-annual reconstitution for S&P BSE indices and the changes will be effective June 20
Interview with Chief executive, institutional equities, Ambit Capital
Sun Pharma, HDFC, HUL, CIL and ONGC suffered losses
Among key earnings to be announced this week include Punjab National Bank, Lupin and ITC
The 30-share Sensex slipped by 75 points in early trade on profit-booking in winners from Monday's 460-point rally
Markets edged higher in late trades led by Hindustan Unilever and Dr Reddy's Labs.
The movement of the Indian equity market can remain highly dependent on global cues in the near term