Adani Enterprises, Andhra Cements, Bank of India, Cairn India, Indian Bank, Jindal Steel & Power, Lanco Infratech, MOIL, National Aluminium Company, Rajshree Sugars & Chemicals, SAIL, Sarda Energy & Minerals, Sun TV Network, Tata Steel and Vedanta were some of the notable stocks to log a new 52-week low.

The BSE benchmark index, the Sensex, opened marginally (23 points) in red at 28,159, and soon slipped to a low of 28,071 on the back of weak global cues. As the day progressed, the buying spread across sectors and the BSE Sensex marched to a high of 28,546 - up 476 points from the day's low. The Sensex finally ended with a gain of 323 points at 28,505 - its highest level since 16 April, 2015.

The NSE Nifty dipped below the 8,500-mark to touch a low of 8,499 in early morning deals. The NSE index, thereafter soared to a high of 8,644, before settling with a solid 104-point gain at 8,634.

The India VIX (Volatility) index was up 0.2 percent at 15.13.