Rising for the fourth straight session, the Sensex at the Bombay Stock Exchange gained 296 points, or 0.6 per cent, to close at 49,502. The Nifty at the National Stock Exchange rose 119 points, or 0.8 per cent, to 14,942.
In the broader market, outperforming the Sensex, the BSE Mid-cap and the Small-cap index jumped nearly 1 per cent.