Similarly, the broader NSE Nifty surged 128.60 points or 1 per cent to 12,987.
Tata Steel was the top gainer in the Sensex pack, rising around 5 per cent, followed by Bajaj Finance, Bajaj Auto, HDFC, HCL Tech and Titan.
On the other hand, Maruti, ONGC, IndusInd Bank and
Domestic equities witnessed sharp recovery led by sharp rebound in banking, financial services and insurance (BFSI) stocks and metals.
BFSIs continued to be a key driving force for the market, said Binod Modi, Head- Strategy at
"Improved prospects of earnings recovery in the backdrop of improvement in collection efficiencies, better outlook for credit costs and possibility of reversal of provisions due to resolution of select large accounts along with better valuations attracted investors in BFSIs," he noted.
Heavy buying sentiment was also seen as November derivative contracts expired, traders said.
Elsewhere in Asia, bourses in Shanghai, Tokyo, Hong Kong and Seoul ended with significant gains.
Stock exchanges in Europe, however, began of a tepid note.
Meanwhile,
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