The BSE Sensex surged 209 points to close at an over four-month high of 35,692.524 on Tuesday, taking positive leads from the global markets as investors largely welcomed positive outcomes of a historic summit between the US and North Korea. The broader NSE Nifty too closed above the key 10,800-mark.
Building up of positions by participants ahead of the release of IIP and inflation data also influenced trading sentiments, brokers said.
The BSE Sensex stayed in the positive terrain throughout the session and hit a high of 35,743.08 before ending at 35,692.52, higher by 209.05 points, or 0.59 per cent. This is its highest closing since February 1, when the index had closed at 35,906.66.
The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent, at 10,842.85.
Sentiment got a boost on the back of a firming trend in overseas markets after US President Donald Trump signed a deal with North Korean leader Kim Jong-Un on denuclearisation of the Korean peninsula.
Among Nifty50 stocks, Lupin was the top gainer, up 5.62 per cent followed by Dr Reddy's Lab and SBI, which rose 5.16 per cent and 3.23 per cent respectively. IndusInd Bank, HUL, Hero MotoCorp, TCS, Adani Ports were the other prominent gainers in the Nifty rising up to 1.73 per cent.
Mid and smallcap shares also witnessed buying today with their respective sub-indices on the BSE rising 0.90 per cent and 0.54 per cent respectively.
Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 1,062.82 crore, while foreign portfolio investors (FPIs) sold equities worth Rs 1,156.77 crore yesterday, according to provisional data.