The BSE Bank index rose 1.6 percent while industry leader State Bank of India rose 3 percent. For details of the guidelines, please double-click on
The rupee ended firmer, with support from the stock market rally and the US currency's sharp fall against major currencies on concerns that central banks were dumping dollar assets.
The dollar fell more than 1 percent against both the euro and the yen after South Korea's central bank said it planned to diversify its reserves - the world's fourth-largest - which have traditionally been held in US Treasuries.
But traders said India's central bank again stepped into the market to curb the local currency's gains in an effort to keep exports competitive. The rupee ended at 43.75/76 per dollar, firmer than the previous close but off intraday highs.
The rupee has given up more than 1 percent on sustained central bank intervention since hitting a five-year peak of 43.30 per dollar in early February.
Analysts say the Reserve Bank of India was acting through state-run banks to keep the rupee in an unofficial 3-5 percent target bank and boost exports to help bridge a widening trade deficit. The rupee is overvalued by about 3 percent, they said.
Bonds ended little changed, with dealers looking ahead to the federal budget next Monday for details of the government's borrowing programme for the fiscal year beginning on April 1.
The benchmark 10-year bond yield closed at 6.5053 percent on Tuesday, little-changed from the previous 6.5042 percent close.