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The BSE Sensex jumped over 300 points to edge above the psychological 25,000 levels - last seen on May 16, when Narendra Modi won a landslide victory in elections. The broader Nifty gained over 80 points and traded near the key 7,450 levels.

Shares of India's Divi's Laboratories Ltd slump 5.7 percent, heading towards their biggest single-day fall since May 21, 2013, after the company's Jan-March net profit rose by 6 percent to 1.9 billion rupees, lagging some analysts estimates. The drugmaker's operating margin fell to 35 percent from 39 percent. 

The 50-share Nifty index was trading 67 points higher or 0.92 per cent at 7435. It hit a low of 7428.55 and a high of 7441.15 in trade today. 

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