With nominal gains, Sensex and Nifty extended gains for the third consecutive day.
After lacklustre trade for most part of the day, the market built up gains in afternoon session.
Sensex ended 292 points higher at 39,686.50 while Nifty settled 77 points up at 11,865.60.
Analysts said investors should adopt a stock-specific approach in this market.
Market observers believe there will be increased volatility ahead of Union Budget.
Dalal Street experts said that the undercurrent of the market was bearish.
Strong quarterly numbers and growth outlook caught attention of investors and brokerages.
Sensex closed 157 points higher at 39,592 and Nifty settled 51 points higher at 11,847.
Sensex jumped 312 points, or 0.80% while Nifty ended 97 points, or 0.83%, higher.
Global markets were lacklustre amid escalating tension between the US and Iran.
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