Value buying was seen in key sectors including auto, metal and realty at the start of the day. At close, Sensex was up 567.99 points or 0.75 percent at 76,070.84, while the Nifty was up 172.35 points or 0.74 percent at 23,581.15.
In terms of the sectoral performances, all the indices ended in the green except FMCG and IT. About 2252 shares advanced, 1820 shares declined, and 138 shares unchanged.
The ongoing tensions in West Asia, particularly around the Strait of Hormuz, remain a key overhang. Any further disruption in oil supply routes could keep crude prices elevated, directly impacting inflation expectations and corporate margins in India.
Going forward, investors are likely to stay cautious, with volatility expected to remain high. Sectoral action may dominate, especially in oil-sensitive industries, IT, and banking. Much will depend on how crude prices behave and whether geopolitical tensions ease or escalate further.
In the near term, markets could see range-bound movement with a positive bias, but sharp swings are likely as traders react to global triggers and evolving risk factors.