Rebounding from their worst single-day slide in four years, benchmark stock indices Sensex and Nifty soared over 3 per cent each on heavy value buying by investors.

The 30-share BSE Sensex jumped 2,303 points or 3.20 per cent to settle at 74,382 on value buying in banking, auto and oil shares. All Sensex shares closed in the green. The NSE Nifty climbed 736 points or 3.36 per cent to 22,620 points with all its constituents ending with gains.  

In the broader market, the BSE midcap gauge jumped 4.41 per cent and smallcap index rallied 2.93 per cent.

In Asian markets, Seoul settled with gains while Tokyo, Shanghai and Hong Kong ended lower.