Auto stocks led by Hero MotoCorp turned buyers fancy after the company reported a 58.62 per cent surge in net profit at Rs 763 crore for the quarter ended September 30, 2014.

Shares of Hero MotoCorp, the country's largest two-wheeler maker, gained the most among the 30 Sensex scrips by surging 3.52 per cent. Mahindra & Mahindra and Maruti Suzuki also edged higher.

Investors, after remaining sellers in the past few sessions, were seen accumulating stocks at attractive levels.

A mixed closing on other Asian markets and a rally in the European markets after positive US data also buoyed sentiments, they said.

Other Sensex-based gainers which provided support included Axis Bank, ICICI Bank, Tata Steel, Coal India, NTPC, L&T, RIL, HDFC Ltd, Bharti Airtel, Sun Pharma and ITC.

Bucking the trend, shares of IT services major Tata Consultancy Services (TCS) slumped 8.73 per cent to Rs 2,444.90 after its September-quarter earnings lagged estimates, pulling down the IT index by as much as 4 per cent.

Sectorwise, the BSE Banking sector index gained the most by rising 2.46 per cent, followed by Capital Goods index (up 1.86 per cent), Consumer Durables index (1.81 per cent), Power index (1.34 per cent) and PSU index (1.06 per cent).