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The Sensex, comprising the 30 largest stocks traded on the Bombay Stock Exchange (BSE), rose by 114.92 points or 0.19%, closing at 59,106.44 points, with 22 of its components ending in the green and eight closing lower.
During intra-day trade, the Sensex moved in a range of 58,793.08 points to 59,204.82 points. The broader NSE Nifty, comprising the top 50 stocks traded on the National Stock Exchange (NSE), gained 38.30 points or 0.22%, closing at 17,398.05 points, with 32 Nifty shares closing with gains, while 18 stocks declined.
The gains in auto, capital goods, banking, and financial shares supported the uptrend. However, IT, FMCG, and metal shares saw selling, which restricted the gains in the key indices.
Over the last three sessions, the Sensex has risen by 1,492 points or 2.51%, while the Nifty has gained 446 points or 2.9%.
In contrast to the stock market gains, manufacturing activities in India increased to a three-month high in March, as per a monthly survey.
The expansion in new orders and output was boosted by demand resilience and easing of cost pressures.