After Monday's massive 500-point plunge, the Sensex opened 47 points lower on Tuesday at 14,619.
After slipping to a low of 14,527, the Sensex made a spectacular recovery, and closed above the psychological 15,000-point mark.
Strong buying in realty, metals and IT stocks led the market rally to a high of 15,161, up 495 points.
The Sensex finally ended 15,127, up 461 points. The NSE Nifty ended at 4,551, up 121 points.
The BSE Realty index advanced over 6% to 3,830.
The IT , Metal, Consumer Durables and Capital Goods indices were up 4-5% each.
The breadth improved towards the end of the day, out of 2,826 shares traded, 1,494 advanced and 1,290 declined on Tuesday.
INDEX MOVERS....
DLF zoomed 10% to Rs 403. Jaiprakash Associates surged 8% to Rs 224.
Reliance Communication soared over 7% to Rs 332.
Larsen & Toubro, Ranbaxy and Mahindra & Mahindra advanced around 6.5% each to Rs 1,574, Rs 283 and Rs 742, respectively.
TCS, Tata Power, Tata Steel have added 5-6% each to Rs 782, Rs 1,140 and Rs 438, resspcetively.
Hindalco, ACC, Wipro, SBI, Reliance, ITC, Infosys, Maruti, Reliance Infrastructures, Hindustan Unilever and ICICI Bank were up 1.5%-5% each.
...AND THE LOSERS
There were no major losers, only Grasim and NTPC were down marginally.