Sensex closed the day at 79,408.50, up 855 points, or 1.09%, while the Nifty 50 ended at 24,125.55, up 274 points, or 1.15%.
At close, the Sensex was up 1,508.91 points or 1.96% at 78,553.20, and the Nifty was up 414.45 points or 1.77% at 23,851.65.
At close, the Sensex was up 309.40 points or 0.40% at 77,044.29, and the Nifty was up 108.65 points or 0.47% at 23,437.20.
BSE Midcap and smallcap indices rose 3% each. India VIX, the measure of volatility in the market, ended the session 19% lower.
India’s frontline equity indices on Tuesday surged in a massive bull rally in the early trade, as positive global cues improved investors' sentiment.
Sensex traded at 60,316.99 points, up 224.02 points or 0.37 per cent, whereas Nifty was at 17,964.75 points, up 69.90 points or 0.39 per cent.
Sensex traded at 60,392.31 points or 131.13 points or 0.22 per cent, whereas Nifty traded at 17,975.90 points, up 19.30 points or 0.11 per cent.
BSE Sensex fell 176 points to 59,781.42 and the NSE Nifty 50 fell 55 points to 17,826.45 points.
Sensex was trading at 60,272.34 points, down 474.97 points or 0.78 percent, while Nifty was trading at 17,983.60 points, down 117.60 points or 0.65 percent
There had been a fourth consecutive hike of 75 basis points magnitude before the most recent increase of 50 basis points.
