The BSE Sensex rose almost 2.5 percent to its highest close since July 2011 after the government's diesel price hike and the Federal Reserve's monetary stimulus sparked a broad-based rally in blue chips such as Reliance Industries and ICICI Bank.
The Sensex rose 2.5 percent to its highest close since July 26, 2011, gaining for an eighth consecutive session. The 50-share Nifty rose 2.6 percent.
Reliance Industries rose 5.3 percent, while ICICI Bank gained 5.1 percent on the NSE.
