The Bombay Stock Exchange, the National Stock Exchange, forex and money markets are closed on Thursday on account of Ambedkar Jayanti.
The oil and oilseeds market will also remain closed, but the commodity markets will remain open as usual.
The 30-share index Sensex had on Wednesday shot up 434.32 points to 19,696.86, snapping 5-day falling streak, as investors bought stocks at lower levels amid firming global trend and easing of crude oil prices.
The broad-based National Stock Exchange index Nifty had shot up 125.80 points to 5,911.50, after a weak opening at 5,735.55 points.
The upsurge in the market was led by software exporting companies on expectations for robust quarterly earnings, ahead of the fourth quarter results starting with the announcement by Infosys Technologies on Friday.
The top three outsourcing companies are expected to post strong fourth quarter profits and forecast robust revenue growth for the fiscal ending March 2012 on improving global economic environment. Software exporters get about half their revenues from the US and European markets.