The S&P BSE Sensex rallied 480 points or 1.26 per cent to settle at 38,623.70 while NSE’s Nifty50 ended at 11,303, up 170.5 points or 1.53 per cent. Drug major Sun Pharma ended as the biggest gainer on the Sensex with over 6.5 per cent gains. Tata Steel, ONGC and UltraTech Cement were the other top gainers on the index. Volatility index India VIX declined 2.6 per cent to 24.54 levels.
In the broader market, the S&P BSE MidCap index gained 259 points or 1.79 per cent to 4,764 while the S&P BSE SmallCap index surged 170 points or 1.25 per cent to end at 13,774 points.
Nifty-chart
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Nifty50 closed higher at 11303.30   level, +170.55  points, or  +1.53  per cent. Nifty Support : 11180 and 11000  Resistance : 11370 and 11470.