The benchmark Nifty recovered 24.05 points in a choppy session following buying in key bluechips of FMCG, pharma, auto and energy counters buoyed by higher global cues as the European Central Bank (ECB) inducted more stimulus to stimulate Eurozone economy.
Investors digested better than expected ECB decision to lower the bench-mark rates to zero from 0.05 per cent easing risk of deflationary trend, while the key indices gained amid volatility to end green.
The market also witnessed stock specific action in the midst of some caution ahead of key IIP data to be released later in the day.
Government announcing crucial reforms in oil&gas sectors led buying in Energy counters, while PSU banks witnessed profit-booking after crisil downgrade, also Rajya Sabha passed the real estate Bill aimed at providing the much-needed relief to home buyers.
Elsewhere, Asian markets ended higher, reversing initial decline as investors digested fresh ECB stimulus, while European stocks were also trading higher in their afternoon trade.
The 50-share broader index opened higher at 7,484.85 and hovered in a range of 7,543.95 and 7,460.60, before closing at 7,510.20, showing a gain of 24.05 points, or 0.32 per cent.
Major gainers were Cairn (4.52 per cent), Adani Ports (2.10 per cent), Lupin (1.93 per cent), Zeel (1.75 per cent), HUL (1.68 per cent), Tata Motors (1.65 per cent) and ITC (1.65 per cent).
Notable losers were IDEA (2.34 per cent), Kotak Bank (1.83 per cent), TechM (1.74 per cent) and PowerGrid (1.04 per cent).
Turnover in cash segment fell to Rs 15,620.64 crore from Rs 17,181.83 crore yesterday. A total of 8,191.75 lakh shares changed hands in 65,95,977 trades.
The market capitalisation of NSE stood at Rs 90,25,549 crore.
