Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
The Sensex was up 70 points and the Nifty was up 20 points led by SBI on robust Q2 earnings.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Meanwhile, IT index continues to be the top loser down 3.8%. Financial stocks witnessed renewed buying interest at lower levels.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
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Modi government must push reforms at a fast pace to restore growth.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
Markets extended losses to end 1.5% down on Tuesday, amid weak global cues, after investors turned cautious ahead of key economic data and booked profits in rate sensitive shares while the further fall in the rupee continued to weigh on investor sent.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
A coconut octopus, a burning forest, a rare rhino's last moments and a pair of sleeping squirrels all feature in the shortlist for the Natural History Museum's Wildlife Photographer of the Year 2020 People's Choice Award. This year's competition attracted more than 50,000 entries from professionals and amateurs across the world. Voting for the The People's Choice Award is open until 2 pm February 2.
Jonatan Christie gifted Indonesia the Asian Games gold medal they most yearned for when he beat Taiwan's Chou Tienchen in an exciting men's singles badminton final in front of a vociferous home crowd on Tuesday.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Chushul and Depsang are not vital in this game of Chinese checkers, the Indian Ocean Region is. Keeping our maritime prowess restricted has to be a key Chinese strategic interest and it would appear that the LAC affair has helped China achieve its aim, points out Vice Admiral Premvir Das (retd).
Hyderabad are in deep trouble after losing five wickets for 65 runs in reply to Bengal's huge 461 in the first innings, thanks to a fine 203 by Manoj Tewari and a sparkling 111 not out by debutant Wriddhiman Saha.
'India has ramped up infrastructure on its side, so the Chinese military is finding Indian soldiers in locations where they are not used to seeing an Indian footprint,' points out Harsh V Pant.
The Global Hawk can carry out surveillance of a stretch of land or ocean for over 30 hours continuously, physically scanning up to 100,000 sq km each day.
The Board of Control for Cricket in India is likely to pose a few questions to chief coach Ravi Shastri and captain Virat Kohli depending on how the third Test against England pans out after being left disappointed by the team's meek surrender in the first two games.
What China's market crash means for India
Both Mahinda Rajapaksa and Modi have learnt from their past mistakes. Modi has understood that Rajapaksa is a 'forever politician' that India has to live with, observes Ambassador M K Bhadrakumar.
The US election campaign has provided plenty of ammunition for the CCP to make its case that its political system is superior.
How will China deal with Taiwan's first woman president? Srikanth Kondapalli explains the significance of a historic election.
'For the Tamil Nadu protestors to openly ask popular film actor Vijay Sethupathi not to don Murali in 800 is a travesty in every sense. It may have given them a cause to tell the world, and the governments in New Delhi, Colombo and Chennai, that the Sri Lankan ethnic issue was still alive in the state -- more so, during the current run-up to two major events in the first half of 2021,' says N Sathiya Moorthy.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Kuala Lumpur's delay in roping in India to help track the missing aircraft is an indicator that New Delhi must redouble its diplomacy and capacity demonstration in East Asia, feels Nitin Pai
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
'If the Bangladesh-China relationship strengthens further, it can only be to India's detriment,' notes Vice Admiral Premvir Das.
'I have seen the tears in their eyes.' 'I want to thank God for giving me an opportunity to help these guys.'
This is not the first time Trai has been accused of bias; and, in my memory, never have such charges of bias been leveled against any other regulatory body, says Rahul Khullar.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
India has experienced hands and will emerge with flying colours, declares Inspector General Gurdip Singh Uban (retd).
'This is not a time for bruised egos, face, shows of state power, petulance, or PR spin. It is a time for big-tent action across a table -- no matter how acrimonious -- with transparency, and with the media present,' notes Vijay Verghese.
Malaysian authorities are probing new information that the missing plane with 239 people on board dropped to an altitude of 5,000 feet or possibly lower to evade radar detection after it turned back midair.
Chinese golfers told to pull out of Taiwan event
