The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
The rupee fell to a two-year low of 64.84 against the US dollar.
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
Sensex lacklustre, bluechips in focus.
Sensex climbs higher on favourable global cues.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Markets snapped their 8-day winning streak.
Movement of rupee and crude oil prices will also dictate the trend
Monsoon is expected to be normal in June.
Sensex in green in afternoon trade.
Markets under pressure; IT financials grab spotlight.
Markets were left high and dry last week, as the 'Monsoon Effect' played havoc on trader sentiment.
Weak monsoon forecast rekindled fears of higher inflation.
Markets closed the day in green on favourable domestic factors,
Sensex climbs higher at close, bluechip stocks in focus.