The Bombay Stock Exchange benchmark Sensex rose by 349 points or 1.8 % to close at 19,471 on Wednesday, following strong global cues and net FII inflow of Rs 2,064 crore.
The broader Nifty at the National Stock Exchange also rose 110.9 points to close at 5,851.6.
If Infosys results and guidance pulled the markets and IT stocks down, a good result from HCL technologies lifted the market sentiments. HCL Tech rose 9.9%, while IT majors TCS and Wipro saw share prices rise by 4.6% and 3% respectively. The Auto and the IT sector were the biggest gainers on BSE gaining 2.7% and 2.4% respectively.
All major European markets were up by over 2 per cent on Wednesday after the Asian markets closed in the green.