Mumbai: After opening on a weak note, the 30-share index gained ground to end 304.38 points or 0.77 per cent higher at 39,878.95.
Similarly, the broader NSE Nifty jumped 76.45 points or 0.66 per cent to close at 11,738.85.
Titan was the top gainer in the Sensex pack, climbing over 4 per cent, followed by Bajaj Auto, Maruti, Reliance Industries, ONGC and UltraTech Cement.
On the other hand, Bajaj Finance, PowerGrid, Tata Steel, NTPC and Sun Pharma were among the laggards.
“Market recovered quickly in morning trade and traded in the green throughout the day led by autos ahead of the RBI policy,” said S Ranganathan, Head of Research at LKP Securities.
The newly-constituted MPC of the Reserve Bank began its three-day deliberations earlier in the day. The decision of the rate-setting panel will be announced on October 9.
Although the broader market was a bit lacklustre, sustained buying in cement and select pharma counters was seen during the day, he added.
