Bouyed by tha assurances of P Chidambaram, Finance Minister, the stock market gained slightly upward of 880 points.
Sensex of Bombay Stock Exchange closed at 11,336.66, up 7.68% or 808.81 points. The index touched an intra-day high of 11,361.32 and low of 10,817.68.
Nifty of National Stock Exchange ended at 3505.70, up 6.88% or 225.75 points. It touched a high of 3510.20 and low of 3272.90 during the day.
BSE Midcap Index was up 4.40% and BSE Smallcap Index gained 3.85%.
Reliance Communication (19.92%), Reliance Infrastructure (17.13%), ICICI Bank (16.71%), Sterlite Industries (15.99%) and HDFC Bank (12.58%) were the major Sensex gainers.