In the broader market, the BSE Smallcap and BSE Midcap index gained 0.1% and 0.4%, respectively
Snapping two-session long losing spree, the benchmark indices settled higher as a much better-than-expected December quarter GDP data lifted sentiment, while positive manufacturing data released today also contributed to gains.
The S&P BSE Sensex ended the day at 28,946, up 203 points, while the broader Nifty was ruling at 8,940, up 61 points.
In the broader market, the BSE Smallcap and BSE Midcap index gained 0.1% and 0.4%, respectively.
The market breadth, indicating the overall health of the market, was strong. On BSE, 1,629 shares rose and 1,216 shares fell. A total of 197 shares were unchanged.
Sectors and stocks
BSE Realty index (3.5%) was the leading sectoral gainer, led by gains in Sobha (up 16%), Unitech (up 7%) and Oberoi Realty (up 5%). The Realty index has rallied 10% since the Budget day against the 4% rise in benchmark indices during the same period.
Among individual stocks, Tata Tele gained 20% to hit its upper circuit of Rs 9.62 after Tata Sons and NTT Docomo proposed a resolution to the Delhi High Court on settling a dispute over the $1.17 billion due to the Japanese telco for exiting their joint venture, ending two years of public acrimony.
Shares of Majesco surged 13% to Rs 389 after the IT consulting & software firm said that its insurance arm and a subsidiary launched two new solutions.
Tata Sponge Iron gained nearly 9% to Rs 710 after the foreign institutional investor (FII) bought nearly 1% stake in Tata Group company through open market.
Among decliners, shares of manganese ore miner Moil fell 3% to hit its two-month low of Rs 342 after the company cut prices for different grades of manganese ore for the fourth quarter, its second consecutive cut after a series of price hikes.