Equity benchmark Sensex surged over 1,028 points on the last day of the 2019-20 fiscal on Tuesday, led by gains in energy, financial and FMCG stocks amid recovery in global peers even as the number of Covid-19 cases continued to mount.

The 30-share BSE barometer settled 1,028.17 points or 3.62 per cent higher at 29,468.49.

Similarly, the NSE Nifty rose 316.65 points, or 3.82 per cent, to close at 8,597.75.

ITC was the top gainer in the Sensex pack, rallying over 7 per cent, followed by Reliance Industries, ONGC, Tata Steel, Tech Mahindra, Sun Pharma and SBI.

On the other hand, IndusInd Bank plunged nearly 15 per cent. Maruti, Bajaj Finance and Titan were the other laggards.

According to traders, domestic investors turned positive amid rebound in global peers as most Asian benchmarks ended higher on recovery in China's manufacturing during March as authorities relaxed anti-disease controls and allowed factories to reopen.

Bourses in Shanghai, Hong Kong and Seoul ended up to 2 per cent higher, while Tokyo closed in the red.

Stocks in Europe were also trading on a positive note in early deals.