The Nifty 50 index rose smartly by 83.30 points or 1.02 per cent to 8,273.80 following fresh buying mainly in metal, auto, media, energy pharma, infra and banking sectors, while IT stocks slipped to end almost 1 per cent in the red.
Overseas, European stock markets seesawed between gains and losses today, with traders taking a cautious approach as they digested minutes from the US Federal Reserve's December meeting.
Most Asian stocks edged higher, underpinned by a firm closing at the Wall Street.
The NSE 50-share Nifty index opened higher at 8,226.65 and hovered in a range of 8,282.65 and 8,223.70 before ending at 8,273.80, showing a rise of 83.30 pts or 1.02 per cent.
It saw an intra-day movement of about 58.95 points.
On the sectoral front, Metal rose by 3.20 per cent, Auto 2.05 percent, media 1.67 per cent, energy 1.53 per cent, pharma 1.49 per cent, private banks 1.46 per cent, PSU banks 1.30 per cent, banks 1.26 per cent and realty 1.13 per cent.
IT, however slipped by 0.92 per cent.
Major Index gainers were TataMtrDvr (4.09 per cent), Adaniport (4.58 per cent), Yes Bank (4.05 per cent), Tata Steel (3.42 per cent), Tata Motors (3.19 per cent) and Bharti Airtel (2.90 per cent).
However, TechM fell by (2.50 per cent), TCS (1.90 per cent), HCL Tech (1.44 per cent), Infratel (0.64 per cent) and Infosys (0.16 per cent).
A total of 1,190 scrips advanced, 437 declined while 74 remained unchanged. Total securities that hit their price bands were 104.
Turnover in the cash segment rose to Rs 19,027.21 crs from Rs 17,475.43 crore yesterday.
A total of 10,518.44 lakh shares changed hands in 8,469,294 trades. The market capitalisation of NSE stood at Rs 10,679,678 crore.
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