Markets gathered pace in late trades after reports of talks between the Congress and the government fuelled hopes that the crucial Goods and Services Tax Bill is likely to be passed soon.

Further, the progress of the monsoon also aided sentiment.

In the broader markets, the BSE Midcap and Smallcap indices ended up 0.5%-0.7% each.

Market breadth was strong with 1593 gainers and 1097 losers on the BSE.