Indian markets rose by over one percent to close in the green on Thursday after closing negative for two consecutive days on back of better performance by top weights such as ITC and Tata Motors and improved European cues even as concerns over rupee slide and FII outflows continued to keep investors on the edge.
The BSE Sensex closed at 19,411 up 1.22 per cent from its previous close and the NSE Nifty closed at 5,837 up 1.44 per cent from its previous close.
Except metals all sectoral indices closed in the green on the BSE led by IT, FMCG and tech sectors which rallied by over 2 per cent.
Alex Mathews, Head Research, Geojit BNP Paribas Financial Services said: "The markets today opened with a positive note tracking the global markets and remained in a range bound. In the second half markets again rallied on the back of positive European markets. European markets were trading in green ahead of the ECB meeting and the US index futures were also trading higher."
On the NSE, Reliance Infra, HCL Tech, ITC, Tata Power and BPCL were the top gainers while BHEL, Tata Steel, Sesagoa, Cipla and Axis Bank were the top losers.