In early trading, the Sensex rose to 82,637, and the Nifty reached 25,258.8 before retracting.

Nifty and Sensex pushed higher, with hopes of further gains; US recession fears ease; crude oil hits $80 per barrel.

Momentum indicators suggest a bullish trend, as the Nifty continues to  trade above both its short-term and long-term moving averages.

A bonus issue of shares will increase a company's share capital but not its market capitalisation. 

The Sensex closed 349 points (0.43 percent) higher at 82,134.61; the Nifty 50 settled at 25,151.95, up 100 points (0.40 percent)

Reliance's media subsidiaries TV18 Broadcast and Network18 Media saw a significant rise of around 11%.

Nvidia's results disappoint markets; tech sector may face a potential correction; Reliance-Disney merger gets the green signal

Intraday traders need to use caution around the key support and resistance levels. 

The Nifty 50 closed 0.14 percent up at 25,052.35, while the Sensex ended with a gain of 0.09 percent at 81,785.56.

Banking, financial, metal, and realty stocks saw a decline