Key indices Nifty50 climbed over 300 points to trade above 17,600 level, whereas the S&P BSE Sensex advanced over 1,000 points to 59,900 levels.
Broader markets, too, inched higher in trade as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 0.7 per cent. Volatility index, India VIX, meanwhile, slipped over 5 per cent.
Among individual stocks, shares of Adani group companies rallied up to 14 per cent, after the promoters sold shares worth Rs 15,446 crore in four of its listed entities to GQG Partners. READ MORE
Besides, shares of Alembic Pharmaceuticals hit a 52-week low of Rs 476.30 after the board approved impairment charges of Rs 1,150 crore for three Gujarat plants. READ MORE