Mumbai: Hopes of a rate cut by the apex bank on the back of strong macro economic data buoyed the Indian equities markets on Monday, leading to a barometer index to provisionally close with gains of over 250 points.

The better-than-expected wholesale price index (WPI) and a modest factory output data cheered investors. The hopes of a healthy consumer price index (CPI) data, expected to be released later in the day, further supported the markets.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) had closed 11.96 points or 0.05 percent down on September 11 the last trading day.

On Monday, the wider 50-scrip Nifty of the National Stock Exchange (NSE) surged 73.80 points or 0.95 percent to provisionally close at 7,863.10 points.

The S&P BSE Sensex, which opened at 25,706.87 points, provisionally closed at 25,829.40 points (at 3.30 p.m.) up 219.19 points or 0.86 percent from the previous day's close at 25,610.21 points.

The Sensex touched a high of 25,891.73 points and a low of 25,531.07 points in the intra-day trade.