provisional data from the stock exchanges.
The market movement was also impacted by investors squaring their positions ahead of the settlements in the derivative contracts on Thursday.
A sharp rise in heavyweight stocks such as ITC, HDFC Bank, HDFC, Infosys, RIL, Bharti Airtel and ICICI Bank together contributed nearly 225 points to the Sensex gains.
Bharti Airtel was the top gainer with a rise of 5.22 per cent, followed by Sterlite (3.56 pc), HDFC (2.79 pc), HDFC Bank (2.69 pc), Hindalco (2.55 pc), Cipla (2.53 pc), ITC (2.46 pc), Infosys (2.17 pc), Bajaj Auto (2.02 pc), Jindal Steel (1.87 pc), Dr Reddy's Lab (1.77 pc), RIL (1.66 pc), ICICI Bank (1.54 pc), Tata Motors (1.24 pc), Tata Steel (1.22 pc), BHEL (1.13 pc), SBI (1.02 pc) and L&T (0.78 pc).
Amongst the sectoral indices, the BSE-Realty flared up by 3.20 pc, Consumer Durables (3.18 pc), FMCG (2.12 pc), Bankex (1.84 pc), Teck (1.81 pc), Metal (1.36 pc), IT (1.24 pc), Oil & Gas (1.17 pc) and Capital Goods (1.01 pc).
Total market breadth was positive as 1,745 stocks closed with gains while 1,146 that finished with losses. The total turnover shot up to Rs 3,257.31 crore from Rs 2,401.96 crore yesterday.
The BSE and the NSE will remain closed tomorrow on account of "Gurunanak Jayanti".