Market closing: Sensex closed 629 points, or 1.65 percent, higher at 38,697.05 and Nifty ended 176 points, or 1.56 percent, up at 11,423.55.
BSE Midcap index closed 0.73 percent up while the BSE Smallcap index settled 0.69 percent up. Among the sectoral indices, BSE Energy and Consumer Durables ended with mild losses. BSE Bankex index jumped almost 4 percent while Finance rose over 3 percent.
News Source: livemint