Besides, strengthening of the rupee against the US dollar supported the recovery.
The 30-share index, which had lost 114.26 points in the previous session, rose by 349.79 points, or 1.22 per cent, to 28,971.91, with all sectoral indices, led by healthcare, capital goods, metal and consumer durables, trading in positive zone with gains up to 1.46 per cent.
Also, the National Stock Exchange index Nifty regained the 8,700-mark by surging 99.95 points, or 1.15 per cent, to 8,785.85.
Prominent gainers that supported the key indices were GAIL, Axis Bank, Wipro, Hindalco, TCS, Tata Steel, Sesa Sterlite, L&T, HDFC Ltd, Cipla, Hindustan Unilever, Coal India, Dr Reddy and Tata Power.
Among other Asian markets, Hong Kong's Hang Seng was up by 1.47 per cent while Japan's Nikkei shed 0.65 per cent in early trade today.
The US Dow Jones Industrial Average ended 1.27 per cent higher in yesterday's trade.
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