Highlights: Among the broader markets, the Nifty Smallcap 100 index gained 0.12 per cent, while the Nifty Midcap 100 index edged lower by a marginal 0.01 per cent

The BSE Sensex gained 186.10 points or 0.25 per cent to 6,087.51. Nifty stood at 23,015.45, up 58.20 points or 0.25 per cent. The sentiment in the broader market improved with three stocks rising on fall in every single stock.

A small positive candle was formed on the daily chart with a gap up opening and with a long upper shadow. Technically, this market action indicates an upside bounce in the market with lack of strength to sustain the highs.