The 30-share benchmark index, Sensex ended the day at 27010.14, up by 230.48 points or by 0.7 0.86 cent, while the Nifty ended at 8179.50 up by 71.60 points or by 0.88 per cent.
On the global front, Asian markets ended the day on a positive note. While, European markets were also trading in gains with all CAC, DAX and FTSE trading in green.

Shares in Development Credit Bank (DCB Bank) have slumped a huge 33 per cent, after brokerages downgraded the stock following its results and plans to expand rapidly.
The stock ended the day at Rs 92.75, lower by 13.16 per cent on BSE. It touched an intraday low Rs 91.40 during the trade.
Punj Lloyd on Thursday said it has bagged Rs 367 crore contract from Indian Oil Corporation at Paradip Refinery in Odisha.
The stock ended the day at Rs 28.25, higher by 5.02 per cent on BSE. It touched an intraday high Rs 28.80 during the trade.
Brokerages like Citi and BOAML have downgraded the shares of Hindustan Unilever, following Q2 results that did not match expectations.
The stock ended the day at Rs 790, lower by 0.90 per cent on BSE. It touched an intraday low Rs 771 during the trade.
Shares in Lakshmi Vilas Bank surged a huge 9 per cent, after its results beat expectations.
Lakshmi Vilas Bank has reported a 42.3 per cent rise in net profit at Rs 44.83 crore for the second quarter ended September 30.
The stock ended the day at Rs 91.10, higher by 2.53 per cent on BSE. It touched an intraday high Rs 97.80 during the trade.
Shares of tata Motors surged on Thursday after the company reported good set of sales in the month of September.
The stock ended the day at Rs 381.65, higher by 7.96 per cent on BSE. It touched an intraday high Rs 383 during the trade.
LIC Housing Finance today said its standalone net profit for the September quarter rose 20.6 per cent to Rs 411.74 crore.
The stock ended the day at Rs 494.95, higher by 2.71 per cent on BSE. It touched an intraday high Rs 495 during the trade.
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