The Bombay Stock Exchange’s 30-share Sensex closed at 19,504 up 117 points. The National Stock Exchange’s 50-share S&P CNX Nifty closed up 26 points at 5,930.
On the global front, Asian stock indices ended higher on Tuesday amid hopes of aggressive monetary policy easing by the European Central Bank and US Federal Reserve to stimulate global growth.
MSCI's broadest index of Asia-Pacific shares outside Japan climbed as much as 1.1 percent to a seven-week high, putting the index on course for a monthly rise of 2.3 percent.
The US Federal Reserve starts a two-day policy meeting today and may consider renewing its commitment to bond-buying, according to economists.
Back home, the Lok Sabha Tuesday passed the Finance Bill for the 2013-14 fiscal with minor amendments, even as the main opposition Bharatiya Janata Party (BJP) walked out of the house protesting against Coalgate.
CBI Director Ranjit Sinha had last week filed an affidavit in the court saying that its probe report on coal allocation scam was shared with the law minister and joint-secretary level officials of Prime Ministerial Office and coal ministry, news report suggests.
The Chief Economic Advisor, Raghuram Rajan today said that Current Account Deficit (CAD) in the fourth quarter (Jan-March) 2012-13 would be below 4%. He also said that for the full financial year, 2013-14 it is likely to be below 5%.
On the sectoral front, BSE FMCG index surged by almost 5% followed by counters like Metal, Healthcare and IT, all gaining by 1%
Markets end higher on strong HUL, Hero motor results
Unilever to raise stake in HUL in $5.4 billion offer
Growth is back on track for HUL
'Bogus' tweet gives Wall Street a hiccup
HUL Q4 net profit rises 15% to Rs 787 crore