The BSE benchmark Sensex rose by 347.04 points to close at 36,652.06, while NSE Nifty rose 91 points to close at 11,067.45. Except realty shares, all other sectors ended in green on profit-booking.
IndiaBulls HF, Bharti Infratel, Gail and Yes bank suffered losses of 2.6 to 5.6% while HUL, Lupine, SBI, HDFC and Kotak Bank have gained up to 3.26%.
Biocon led to the rally in Nifty Pharma index. Shares of Biocon went up 6.15 percent followed by Aurbindo Pharma, Lupin and Sun Pharma in Nifty Pharma index.
Shares of Dena Bank gained 2.13 percent after its Board approval of merging the bank with Bank of Baroda and Vijaya Bank.
Nifty Pharma index closed up 2.51% at 10,245.15 today. Among the the Nifty Pharma stocks, Biocon added 5.42%, Aurobindo Pharma rose 4.06% and Sun Pharm jumped 2.74%. Nifty MNC index also added 2.00% and Nifty Financial Services increased 1.90% on the day.