Benchmark NSE Nifty index rose 222.0 points to 22061.1 amid buying in frontline bluechip stocks.
However, stocks such as Medico Remedies, Vaxtex Cotfab, Bohra Industries, M K Proteins and SCI Land and Assets, touched their fresh 52-week low.
Overall, 48 shares traded in the green in Nifty50 index, while 2 traded in the red.
In the Nifty 50 index, BPCL, NTPC, Tata Steel, Hindalco and IndusInd Bank were among top gainers, while Hero MotoCorp, Nestle India, Britannia, Maruti Suzuki and Apollo Hospital traded in the red.
The BSE Sensex was trading 700.36 points up at 72802.05 at 10:39AM(IST). Traders were seen piling up positions in Term Lending Institutions, Telecommunications, Infrastructure, Industrial Equipment and Electric/Electronics sectors, while selling was visible in Agro Processing, FMCG, Logistics, Apparels and Cables sectors.