Growth visibility helped the IPO of Fine Organic, said analysts.
Though valuations of Bajaj Finance are not cheap, analysts remain positive about its prospects.
Investors should stay on the sideline, till the market forms a panic bottom.
Constant investments in R&D have enabled pharma companies to develop a basket of robust products.
"Within the two-wheeler space, a large dependence is in terms of how the monsoon pans out."
The Nifty50 settled 81 points, or 0.75 per cent, up at 10,822, with 35 stocks in the green and 15 in the red.
The BSE Sensex closed the day with a gain of 257 points, or 0.73 per cent, at 35,690, with 23 stocks advancing and 8 declining.
The BSE Telecom index was trading 0.79 per cent up at 1,166 around 02:25 pm.
Gains in select FMCG, finance, bank, pharma, telecom and auto stocks were keeping the benchmarks up.
The BSE Consumer Durables index was trading 0.43 per cent up at 20,210 around 02:50 pm.
The yuan was quoted at 6.4955 per US dollar at 08:22 GMT, 0.02 per cent weaker than the previous close of 6.494.
"The company is pursuing with the lenders for debt restructuring," Hotel Leelaventure said in a regulatory filing.