Key indices Nifty50 climbed over 100 points to trade above 17,750 levels and the S&P BSE Sensex advanced over 350 points to trade at 59,959 levels.
The broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 rose over 0.3 per cent each.
Among individual stocks, shares of Dabur gained over 2 per cent after the FMCG major planned to invest Rs 325.87 crore in its Indore plant in Madhya Pradesh.
Besides, shares of Gland Pharma tumbled over 7 per cent after the company saw 20.1 per cent decline in consolidated net profit to Rs 241.2 crore in Q2FY23.
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