The 30-share index (Sensex) of the Bombay Stock Exchange (BSE) marked its closure on a positive note at 17,330.55, up 561.44 points as against its previous closure at 16,769.11 on Friday.

At the National Stock Exchange (NSE), the broader 50-share S and P CNX Nifty closed at 5,193.6 after gaining 3.5% from its previous close at 5,018.05.

The BSE midcap index ended 2.4% higher and the BSE smallcap index closed 2.75% up.

The cheerful show by Indian equities was owing to widespread assistance across the globe after EU came out with a huge $1 trillion financial aid package to help Greece bridge over its debt troubles and cheer up capitalists that it would not lead to a credit crunch.

Real estate, metal and banking shares gained the most, whereas some healthcare scrips saw selling pressure.

The top gainers on the 30-scrip Sensex included Rel Infra; Tata Steel; Hindalco and Tata Motors.

The top losers on the Sensex were Cipla and Hero Honda.

While opining on the outlook, broking house Canara Bank Securities said, "Today, our market is likely to witness a mixed and ranged trading day. On account of good opening and mixed trading of Asian indices and very good closing of US indices, positive sentiments are more, which may lead to a positive opening but due to nearing expiry of result session and not so strong local actions, We may see some profit booking."

Technically, Nifty has breached the fundamental resistances levels placed at 5,100, 5,125 and 5,180 and tested 52 days` SMA level placed at 5,201. Nifty has recorded a PCR level at 0.99 as compared to 0.98 as of last trading session.

The inflation together with growing PCR may be the sign of bulls returning. Nifty ended below its 15 and 50 day`s SMA located at 5,215 and 5,201 but over 9 and 100 days simple moving averages located at 5,172 and 5,114 levels, these levels may serve as new ranges in upcoming sessions. Volatility was on higher side today and it may continue in coming sessions VIS was registered at 24.14% intensities at the time of finishing with a net change of -11.90% during the day. RSI (14) for the day stood at 48.85 whilst MACD was lower than the signal line, thus combined together with increasing PCR they are giving signs for ranged movement with possibilities of latent buying action at lower levels.