Insight Bureau: The 30-share BSE benchmark zoomed 1,344.63 points or 2.54 per cent to settle at 54,318.47 while NSE Nifty rallied 417 points or 2.63 per cent to finish at 16,259.30.
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The Indian rupee touched its record low on Tuesday, before gradually recovering as RBI intervened to check the decline.
Tata Steel, Reliance Industries, ITC, Larsen & Toubro, Wipro, ICICI Bank, HCL Technologies and Maruti were the major gainers among Sensex stocks.
On the Nifty 50 index, 49 of the 50 stocks settled higher and all major sub-indexes also clocked gains on Tuesday.
Meanwhile, international oil benchmark Brent crude gained 0.49 per cent to USD 114.8 per barrel.
