The 50-share NSE Nifty gained 91.30 points at 10,605.20 while Nifty Midcap index rallied 2 percent, outperforming frontliners.
Page Industries, Castrol, Adani Power, Avenue Supermarts, Cadila Healhcare, Gateway DIstriparks and MCX surged up to 20 percent.
Granules India fell 5 percent and IDBI Bank declined 2 percent.
The rupee has recovered from the intraday low of 68.28, currently trading at 67.77 against the US dollar, up 57 paise.
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