Today market settled the day higher as a sharp rally in information technology, telecom and metal stocks boosted as global markets remained cautious.BSE 500 ended the day at 28,661, up 193 points, while the broader Nifty50 closed at 8,879, up 57 points. The market breadth, indicating the overall health of the market, was strong. On the BSE, 1,708 shares rose and 1,134 shares fell. A total of 197 shares were unchanged.TCS stock spiked 4% to Rs 2,506 after the company, Telecom stocks rallied. Tata Teleservices rallied 7% after a news report said the company is in early talks to join Reliance Communications- Aircel-MTS Combine. Reliance Communications gained 4% to Rs 35.Idea Cellular surged 3% on reports that its proposed merger with Vodafone India may be concluded in a month.