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Rate sensitive sectors were among the top gainers with Tata Motors and ICICI Bank leading the gains on the Sensex.
The S&P BSE Sensex surged 364 points to end at 24,607 and the Nifty50 soared 107 points to close at 7,476.
Tata Motors was the top gainer on better-than-expected June quarter revenues
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Markets ended their lowest close in 2015 on fears of FII outflows as the US Fed may hike rates.
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World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
The ban does not speak about used luxury cars.
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The auto major had posted a profit of Rs 3,945.47 crore (Rs 39.45 billion) in the same period a year earlier.
Oil tanked to a 7-year low as OPEC decided to maintain production.
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Mistry's intention of selling ailing steel maker Corus, Tata's so-called feather in the cap, was one reason for his ouster
The 30-share Sensex ended in the red.
The car has typical Land Rover Sport styling cues, with large air ducts and black painted grille
The S&P BSE Sensex surged 160 points to close at 25,262.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Cyrus Mistry, who was replaced as chairman of Tata Sons last Monday, October 24, still serves as the chairman of Tata Steel, Tata Motors, Tata Consultancy Services, Indian Hotels, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Indian markets ended on a lower note after the stimulus announced by the European Central Bank (ECB) failed to meet expectation.
Prime Minister Narendra Modi on Saturday inaugurated a memorial in London dedicated to Dr B R Ambedkar over two months after India acquired the bungalow where the Dalit icon and architect of India's Constitution lived as a student in the 1920s.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
Asian shares ended higher after a string of positive US economic data.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
Auto firms are likely to perform better in coming months.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
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Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Tata Sons said dividend from 40-odd Tata Group firms had declined during Mistry's tenure while expenses had risen
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Sensex seems to be under pressure on weak cues.
TCS still ace in the pack
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