The 30-share Sensex jumped 1,143.78 points to 60,420.47 points, while the broader Nifty 50 too saw a jump of 302.20 points to 17,972.65 points.
HDFC shares climbed 8.37 percent to ₹2,656.10, while the HDFC Bank stock went up nearly 8 percent to ₹1,623.65.
Another significant development occurred when HDFC Ltd said it will merge with HDFC Bank. With the amalgamation, associates of HDFC Ltd will become subsidiaries/ associates of HDFC Bank, according to a regulatory filing.
On the other hand, Infosys, M&M, Maruti, ITC, and UltraTech Cement were among the laggards.
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