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The Bombay Stock Exchange's 30-share Sensex settled the day at 11,483.40 points, higher by 174.31 points, or 1.54 per cent, than its previous close.
National Stock Exchange index Nifty also ended higher by 27.95 points at 3,518.65.
Marketmen said shares rose in tandem with the rally in Asian and European bourses. Japanese benchmark index Nikkei jumped 14 per cent as the rescue plans worth over one trillion dollars mooted by various European countries boosted market sentiments.
Stellar gains in American bourses overnight which saw the key Dow Jones Industrial Average Index jumping over 900 points also bolstered the shares in Asia and Europe, they said.
On BSE, IT scrips gained the most by 149.45 points at 2,939.87. Infosys Technologies shot up by Rs 77.40 at Rs 1397.05, Satyam Computer rose by Rs 19.85 at Rs 289.
Banking index also posted a gain of 64.23 points at 6,038.07. Much talked and battered ICICI Bank added Rs 22 at Rs 447.10. RBI remarks that it would hold an extra 14-day money auction today to help banks meet the cash requirements of mutual funds boosted sentiments on banking shares.
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I wanted to vote for BJP this time but looking at its direct involement in persecution of the peaceful Christian community, I have changed my mind. There is no point in voting for the idiotic CPM or any other regional party either because then again Indian growth story will suffer and it will be a waste of my vote. So I think better option is to vote for Congress again because at-leaqst there are some achievers there.