The Sensex surged 306.02 points to 38,488.10 in opening session on Tuesday, while the Nifty rose 84.80 points to 11,354.95.
The top gainers on the Sensex were Tata Steel, Axis Bank, HDFC, Asian Paints and ITC. THe laggards were Titan, M&M, Sun Pharma, Bharti Airtel and Bajaj Finance.