L&T, Tech Mahindra, BPCL, and ITC were up more than 8% each after reported a better-than-expected Q4 results.
Sensex closes 486 points higher, Nifty above 8,050
Lupin slumps over 9%
This is part of the exchange's semi-annual reconstitution for S&P BSE indices and the changes will be effective June 20
Interview with Chief executive, institutional equities, Ambit Capital
Sun Pharma, HDFC, HUL, CIL and ONGC suffered losses
Among key earnings to be announced this week include Punjab National Bank, Lupin and ITC
The 30-share Sensex slipped by 75 points in early trade on profit-booking in winners from Monday's 460-point rally
Markets edged higher in late trades led by Hindustan Unilever and Dr Reddy's Labs.
The movement of the Indian equity market can remain highly dependent on global cues in the near term
Housing Development Finance was the biggest gainer on the Sensex after the lender picked banks to arrange an Initial Public Offering of its life insurance venture
The S&P BSE Sensex lost 0.5% to 25,101.7 at the close in Mumbai, its lowest level in three weeks
ICICI Bank was the top Sensex loser amid weak fourth quarter earnings along with HDFC Bank, ITC and Infosys
Japan's central bank puts policy rate on hold stoking concerns that flows into equity market might be impacted; Sensex, Nifty fall 1.7%
The broader NSE Nifty rose 0.22% to close at 7,980, while the benchmark Sensex ended 0.22% higher at 26,064
The S&P BSE Sensex reclaimed 26,000-mark and ended up 328 points, or 1.3%, at 26,007 and Nifty50 fell shy of 2016 high by one point
Bank shares were the top gainers along with IT majors while Maruti Suzuki surged on robust FY16 earnings