A day after it fell by 238 points on the back of disappointing quarterly results, a barometer index of the Indian equity markets provisionally closed 313 points up during the trade session on Wednesday.
Investor sentiment was buoyed after positive statements were made by the government which indicated political willingness to resolve the impasse on crucial legislations like the Goods and Services Tax (GST) and land bill.
Investors also seemed to be willing to make value purchases after Tuesday's price fall.
The barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) made substantial gains during the day's trade. It provisionally closed with gains of 313 points or 1.11 percent.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made healthy gains and closed 103 points or 1.20 percent up at 8,632 points.
The S&P BSE Sensex, which opened at 28,159.42 points, provisionally closed at 28,495.22 points (3.30 p.m.), up 313.08 points or 1.11 percent from the previous day's close at 28,182.14 points.
The Sensex touched a high of 28,546.42 points and a low of 28,070.91 points in the intra-day trade.
