The metal and pharma stocks aid the Indian markets most as both the benchmark indices — Sensex and Nifty — closed on a higher note for the second straight day, each up over 1 per cent.
On the contrary, the broader markets outperformed the benchmarks as the mid-cap surged almost 2 per cent and small-cap gained over 2 per cent.
Hindalco became the top gainer, up almost 4 per cent, followed by Tata Motors up over 3.5 per cent.
In the IPO segment, Rakesh Jhunjhunwala-backed Metro Brands made a weak start on exchanges, down around 13 per cent, eventually witnessed buying by the end of the session.
“Domestic market is gaining ground amid a positive rebound in the global market.
“The markets have closed on a strong footing; however, caution needs to be exercised on the upside.