Among headline indices, the S&P BSE Sensex gained 400 points, 1 per cent, to 39,140 levels and the Nifty50 index topped the 11,500-mark. TCS and IndusInd Bank (up 5%) were the top Sensex gainers.
The trend among Nifty sectoral indices was positive, led by Nifty IT index, up 1.7 per cent. Meanwhile, volatility index, India VIX, shot up 6 per cent.
Meanwhile, in the broader market, the S&P BSE MidCap and SmallCap indexes were trading half a per cent higher, each.