Sensex rallied 488.89 points or 1.25 percent to 39,601.63 and the Nifty50 climbed 140.30 points or 1.20 percent to 11,831.80. Yes Bank was the biggest gainer among Nifty50 stocks, rising 11 percent followed by Indiabulls Housing (7.97 percent), Sun Pharma (4.08 percent), IndusInd Bank (up 3.93 percent) and L&T (3.45 percent). However, UPL, Wipro, Adani Ports, Britannia and Tech Mahindra were losers.

Jet Airways was the biggest gainer among small-caps, rising 90 percent while Anil Dhirubhai Ambani Group stocks like Reliance Infrastructure and Reliance Capital rallied 35 percent and 28 percent respectively.

Sensex rallied 488.89 points or 1.25 percent to 39,601.63 and the Nifty50 climbed 140.30 points or 1.20 percent to 11,831.80. Yes Bank was the biggest gainer among Nifty50 stocks, rising 11 percent followed by Indiabulls Housing (7.97 percent), Sun Pharma (4.08 percent), IndusInd Bank (up 3.93 percent) and L&T (3.45 percent). However, UPL, Wipro, Adani Ports, Britannia and Tech Mahindra were losers.

Jet Airways was the biggest gainer among small-caps, rising 90 percent while Anil Dhirubhai Ambani Group stocks like Reliance Infrastructure and Reliance Capital rallied 35 percent and 28 percent respectively.