The 30-share Sensex of the Bombay Stock Exchange (BSE) gained 87.33 points to close at a three and a half month high of 11,706.85. During intra-day trades, the index also touched a high of 11,739.77.
Technology stocks were in limelight as index constituents and tech majors like Infosys Technologies, Wipro Ltd, Satyam Computers and TCS all gained ground and supported the Sensex. The broader S&P CNX Nifty of the National Stock Exchange (NSE) ended the day at 3,425.70, up 24.60 points. Among other major Asian indices, both, Nikkei and Hang Seng gained more than 100 points.
According to market players, a good amount of short covering was witnessed, just ahead of the expiry of the August derivatives contract on Thursday.