Infosys, Reliance Industries, TCS, HDFC, HDFC Bank, Maruti, SBI, IndusInd Bank and Kotak Bank led the gains on the Sensex, rising up to 2.53 per cent.
BSE FMCG and PSU indices gained by almost 1 per cent each.
Markets have opened on a flat note with a negative bias tracking subdued global cues. The Sensex has shed 17 points to open at 17,367 and the Nifty is down 3 points at 5,251.
Markets recovered from the day lows to end higher on Thursday, following the expiry of August derivative contracts, led by financial and FMCG shares.
Other losers included HCL Tech, Yes Bank, IndusInd Bank, TCS, ONGC, Bajaj Finance, PowerGrid, Vedanta, Asian Paints, NTPC and Hero MotoCorp, which shed up to 4.07 per cent.
Markets ended in the red after a lacklustre session of trade, owing to soft cues from global peers. The Sensex after touching a high of 17,912, slipped back into the red and ended at 17,847 - down 38 points. Nifty ended down eight points at 5,413.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Reflecting the bullish mood, all sectoral indices ended with gains, led by auto, oil and gas, FMCG, IT and teck. The broader NSE Nifty, after crossing the 10,600-mark, settled 68.40 points, or 0.67 per cent higher at 10,598.40.
Tata Motors was the top Sensex loser, down nearly 4%
NTPC was the top gainer, spurting 4.28 per cent. Other winners were Bajaj Auto, Bajaj Finance, Sun Pharma, ITC, Hero MotoCorp, TCS, Yes Bank, HDFC, HDFC Bank and SBI, rising up to 1.38 per cent.
The broader Nifty declined by 73.90 points, or 0.71 per cent, to end at 10,378.40.
The market breadth was positive on BSE with 1,525 gainers and 1,164 losers.
Overall market breadth remains positive
BSE Capital Goods and Auto indices surged by almost 2%.
Sensex ends 134.91 pts down at 28,709.87; Nifty falls 44.70 pts at 8,712.05.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
The overall breadth was negative as 1,658 stocks declined while 1,048 stocks advanced.
The overall market breadth was positive as 1,440 stocks advanced against 1,270 declining ones, out of 2,846 stocks traded on the BSE.
On the other hand, jobs increased for the 10th straight month in the manufacturing sector, albeit only slightly
The overall breadth ended weak with 1,566 losers and 1,560 gainers on the BSE.
The overall breadth was positive as 1,712 stocks advanced while 1,100 stocks declined.
The overall breadth was neutral as 1,446 stocks advanced while 1,344 stocks declined.
The Sensex ended lower by 63 points at 17,059 and the 50-share Nifty shed 16 points to close at 5,179 levels.
The overall breadth was positive as 1,758 stocks advanced while 1,136 stocks declined.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
The overall breadth was negative with 1,867 stocks declined and 1,004 advanced.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Overnight, the Dow Jones industrial average rose 0.4% to 13,253 and the Standard & Poor's 500 Index advanced 0.6% to 1,403 at close.
The overall market breadth was negative as 1,844 stocks declined against 986 advancing ones, on the BSE.
RIL jumps 5.7% toclose at three month high level
Markets continue to trade on a strong note in the late morning deals on the back of positive global cues and buying visible in the banking and capital goods stocks ahead of the Reserve Bank of India's (RBI) policy review which is due on Tuesday.
Realty stocks ended firm on expectations that the central bank will start cutting interest rates in the coming months to prop up slowing economy.
The Sensex dropped 207 points to end at 17,362. The Nifty ended down 68 points to 5,221.
The markets have opened on a lacklustre note in the absence of major cues from the US markets that were closed on account of Independence Day holiday. The Sensex is down 15 points at 17,448. Nifty is flat at 5299.
Markets have slipped into the red after opening on the positive zone. The Sensex is down 35 points at 17,394. Nifty is down 10 points at 5,269.