The 30-share BSE Sensex jumped 481 points or 0.91 per cent to 53,411 in early trade, while the broader NSE Nifty moved 147 points or 0.93 per cent up to trade at 15,955.
After opening with a positive note in the domestic market, Nifty and the Sensex declined as the former settled below 16, 200 and the latter ended up shedding more than 200 points