However, most Asian markets ended lower after a rout in tech stocks, tracking a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid China-US trade war worries.

IndusInd Bank Tuesday said its agreement to fully acquire IL&FS Securities Services Ltd (ISSL) had been terminated due to non-fulfilment of conditions

Benchmark Sensex rallied 310 points to reclaim the 35,000-mark in the opening trade of the special Muhurat session on Wednesday to mark the beginning of Hindu Samvat year 2075.

The rupee fell 36 paise in early trade to 72.80 compared to its last close of 72.44 against the US dollar. At 9:44 am, the currency was trading at 39 paise lower at 72.83 against the US dollar.

While the Sensex gained 579 points or 1.68% to 35,011, the Nifty rose 1.66% or 172 points to 10,553 level.

At the Interbank Foreign Exchange (Forex) market, the domestic unit opened higher at 73.15, then gained further ground and rose above the 73 mark for the first time since October 1, registering a jump of 68 paise.

Top Sensex gainers were Vedanta (5.59%), YES Bank (4.98%) and Adani Ports (4.76%). Wipro 1.39%, Coal India (0.31%) and TCS (0.19%)  were top Sensex losers.