The rally gained speed towards close, after the initial gyrations between positive and negative territories. The S&P CNX Nifty gained 12.35 points to 1,562.80, even as FE-constituted FEfty rose 14.51 points, closing at 1766.62 points.
A dealer with a domestic brokerage said: The recovery in the market comes after the Sensex plunged 140 points over the last two trading sessions on unwinding by traders in derivatives segment, when NSE slapped broker-wise ad hoc margins on those who held huge positions.
A host of side counters across sectors like textiles, shipping, auto ancilliaries, cement, hotels, fertilisers and sugar moved higher. Index heavyweight Reliance Industries recovered on Saturday after a two-day drop, gaining 1.2 per cent to Rs 469.90.