The 30-share BSE Sensex closed at 20,260.58, up 388.43 points or 1.95 percent and the 50-share NSE Nifty jumped 119.40 points or 2 percent to settle at 6,101.50.
In late trade, Nifty Oct 2010 futures' premium trimmed down to 20 points and Nov 2010 futures to 45 points from 42 points and 65 points, respectively.
Hindalco, Bharti Airtel, HUL, Sun Pharma were among the top gainers with 5.02 percent, 4.93 percent, 4.45 percent, 4.08 percent up respectively.
HCL Tech and Cairn India were among the top losers with 0.59 percent, 0.07 percent down respectively.
Sensex surges 2k; HUL, SBI, ITC lead
At 13:44 pm, the 30-share BSE Sensex gained further and hovered to 20,000 level.
However, Nifty was dragged by Infosys, Kotak Mahindra Bank, ACC, ICICI Bank, HCL Tech, Sesa Goa, Wipro, Tata Power and Ambuja Cements
The Sensex was trading at 20025, up 152 points and the Nifty was at 6028, up 46 points.
The top gainers were Reliance Industries, Cipla, Bharti Airtel, HUL, SBI, ITC, BHEL and SAIL.
2: 14 pm
Mkts continue to trade in green zone
At 11:59 am, the 50-share NSE Nifty was trading at 6000 level with the support of heavyweights like Reliance Industries SBI, TCS Bharti, SAIL, ITC, HUL, BHEL, DLF and L&T.
The Sensex was trading at 19986, up 114 points and the Nifty was at 6017, up 35.6 points.
The top gainers were Cipla, Axis Bank, Suzlon Energy, Bharti Airtel and SBI.
While the top losers were ACC, Ambuja Cements, Kotak Mahindra Bank, Infosys, HCL Tech and ICICI Bank.
Nifty starts on +ve note; TCS, Bharti, GAIL up
The benchmark Nifty opened the day with positive note marking above 6000 level.
At 9:24 am, the Nifty was trading at 6001, up 19 points and the Sensex was at 19918, up 46 points. The CNX Midcap rose 53 points to 9362.Among the frontliners ITC, ONGC, NTPC, ACC, Ambuja Cements and Infosys were witnessing selling pressure.
However, Power Grid, GAIL, TCS Bajaj Auto, Tata Motors, Reliance Industries, Sterlite, Suzlon, SBI, IDFC and Bharti Airtel were gainers in early trade.
Asian markets were trading lower. Shanghai slipped 1.5pc post economic data. Hang Seng, Straits Times, Kospi and Taiwan were down 0.1-0.7pc.