In the cash market, the Nifty 50 jumped 325.55 points or 1.45% to 22,834.30.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.52% to 13.21.

ICICI Bank, HDFC Bank and Reliance Industries were the top trading individual stock futures contracts in the F&O segment of the NSE.

The March 2025 F&O contracts will expire on 27 March 2025.