The Indian market opened on a high note over positive Asian cues and on the back of auto and metal shares. BSE Sensex and Nifty indices closed about 0.9 per cent and 1.11 per cent upside.
The BSE Sensex rally was led by Coal India (up 5.41 percent), Tata Steel (up 3.99 percent) and Lupin (up 2.20 percent).
Out of 30-index stocks, 23 scrips ended with gains, while seven registered losses. The bank had declared its Q3 results on Tuesday.
The Asian markets was trading on a two-month high as investors were on the edge watching for President-elect Donald Trump's news conference later in the day for any clues to his policies on tax, fiscal spending, worldwide trade and currencies.
The Nifty touched the day's high at 8,389 and low at 8,322.25 during the day.
Gildan Acquires American Apparel
The firm does have distribution centers and yarn-spinning operations based in North Carolina and Georgia. American Apparel founder Dov Charney was sacked in 2014 for allegedly violating secual harassment policy.
Key company earnings over the next few days and India's December consumer inflation data due on Thursday could set the tone for future direction for investors.
Sector-wise, the S&P BSE IT index surged by 58.09 points, followed by the FMCG index which rose by 47.47 points, and the banking index which edged up by 21.22 points. HDFC Bank, the nation's biggest bank by market value, added 1.7% to end at 1,232.60 rupees, after rising 1.5% in the previous session.
The market sentiment got a boost after IndusInd Bank and South Indian Bank cheered with better-than expected Q3 numbers.
ITC declined 0.6% at 247.50 rupees.
Among other Asian markets, Shanghai Composite Index rose 0.26 per cent, while Hong Kong's Hang Seng was up 0.02 per cent.