Equity benchmark indices made heavy gains on Thursday, 20 June, overcoming a sedate opening in morning trade.
30-share BSE Sensex gained 488.89 points to close at 39,601.63, while the broader 50-share NSE Nifty finished at 11,831.75, up 140.30 points.
All the sectoral sub-indices finished in the green with Nifty Auto and Nifty Pharma sub-indices gaining close to three percent each.
Yes Bank, IndusInd Bank, Sun Pharma and Larsen & Toubro were among the top gainers of the day.
Meanwhile experts said investors are expected to be cautious despite strong cues from global markets, amid concerns over weakening economic data, lack of liquidity and deficit in monsoon.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading significantly higher in their respective early sessions after the US Fed policy outcome.
The US central bank on Wednesday left rates unchanged, opening the door to an interest rate cut soon, saying uncertainties about the economic outlook are on the rise and vowing to act to keep the economy growing.
Bourses on Wall Street too ended in the green last night.
Meanwhile, on a net basis, foreign institutional investors sold equity worth Rs 97.05 crore, and domestic institutional investors offloaded shares to the tune of Rs 104.91 crore, provisional data available with stock exchanges showed on Wednesday.
On the currency front, the Indian rupee appreciated 10 paise to 69.58 against the US dollar.
The global oil benchmark Brent crude futures were trading 1.29 per cent higher at 62.62 per barrel.
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