With China agreeing to give its currency, Yuan, a greater flexibility markets across the globe especially in Asia saw a jump in the benchmark indices. Riding on the positive sentiments, the Bombay benchmark index, BSE Sensex surged 305.73 points or 1.74 per cent during the day to a two-month high of 17,876.55.

The broad-based Nifty too showed similar characteristics and rose 1.72 per cent to 5,353.30. Nifty traded between an intra-day high of 5,366.75 and low of 5,266.50.

BSE Metal remained the star of the day among the sectoral indices. It rose 5.16 per cent or 764.24 points during the day's trade to 15,586.45. Among other while BSE Realty climbed 2.66 per cent, BSE Bankex advanced 2.04 per cent.

Breadth of the market remained fairly positive on Monday as 61.22 per cent or 1,828 of the listed stocks ended the day in green as compared to decline registered by 1,020 or 34.16 per cent of the listed scripts. 138 stocks remained unchanged.

Among individual stocks Sterlite Industries remained the most wealth creator for the day as it surged nearly 8.28 per cent. Tata Steel (6.30 per cent), Hindalco Industries (5.61 per cent) emerged as the other Sensex constituents which gained over five per cent during the day.