At close, the Sensex was up 1,197.11 points or 2.46% at 49,797.72, and the Nifty up 366.70 points or 2.57% at 14,647.90. Broader markets supported the rally. Among sectors, Nifty Auto rallied the most, over 4 percent followed by Nifty PSU Bank, Nifty Realty and Nifty Financial Services gaining over 3 percent each. Tata Motors, Shree Cements, UltraTech Cement, SBI and Hindalco were among major gainers on the Nifty, while HDFC Life, Bajaj Finserv, Hero MotoCorp, Titan Company and HUL were the top losers.

At close, the Sensex was up 1,197.11 points or 2.46% at 49,797.72, and the Nifty up 366.70 points or 2.57% at 14,647.90. Broader markets supported the rally. Among sectors, Nifty Auto rallied the most, over 4 percent followed by Nifty PSU Bank, Nifty Realty and Nifty Financial Services gaining over 3 percent each. Tata Motors, Shree Cements, UltraTech Cement, SBI and Hindalco were among major gainers on the Nifty, while HDFC Life, Bajaj Finserv, Hero MotoCorp, Titan Company and HUL were the top losers.