Shares of Reliance industries hit the all-time high levels after the announcement of another Jio platform deal.
The S&P BSE Sensex jumped 372 points or 1.09% at 34,352.
Aviation stocks gained after media reports said that the aviation sector is likely resumption of international flights in the month of July.
In the broader market, the S&P BSE Mid-Cap index gained 1.60% while the S&P BSE Small-Cap index rose 2.40%. The market breadth was strong on the BSE, 1,926 shares rose and 493 shares fell.