After a week long heavy selling global markets reversed the trend on Monday. Sensex closed at 11,329.11 up 801 points (7.61%) from it's previous close. Nifty closed at 3,490.70 up 210.75 points (6.04%).

Sterlite Industries (19%), Reliance Communications (19%) and Cairn India (17%) are the major gainers on the Nifty. Reliance Infra and ICICI Bank gained 17%. Ranbaxy and Zee closed in red.

Most of the Asian markets closed in red. Hangseng was the major among Asian markets which jumped 1,515.29 points (10.24%) in today's session.

All European markets are trading in green with 6 to 11% gain across the board.

This sudden reversal in started after European union decided to inject billions of money into it's bank to stabilise the situation in return of preferential shares.