The benchmark index of the Bombay Stock Exchange, Sensex, moves up 185 points to 40,469.70.
The broader Nation Stock Exchange, Nifty settled 55.60 points higher at 11,940.10.
Bharti Infratel was the top gainer in the Nifty pack, rising 10.96 per cent. Bharti Airtel, Reliance, Axis Bank and Cipla rose up to 8.66 per cent. Yes Bank was the top loser, dropping 2.51 per cent. Mahindra & Mahindra, Zee, TCS and Tata Steel too fell up to 2.21 per cent.
The Reliance Industries stock had scaled a fresh 52-week high of Rs 1,514.90 on the NSE. The Sensex hit an intraday high of 40,544.13 and a low of 40,290.21. Similarly, the Nifty touched an intraday high of 11,958.85 and a low of 11,881.75. The market breadth was negative as 928 shares declined, against advance of 855 shares, while 361 shares were unchanged.
Among NSE sectoral indices, PSU Bank index gained the most by 3.88 per cent, followed by Nifty Bank 0.79 per cent, private bank 0.65 per cent and pharma 0.45 per cent.