Sensex Zooms 500 Pts;

The Sensex is up 494.02 points or 2.56% at 19764.08, and the Nifty is up 154.95 points or 2.73 % at 5835.35. Three shares advanced for every share declining on the BSE. 

The rupee gained 108 paise to 64.16 against the US dollar, continuing appreciation further. It gained 350 paise in four consecutive sessions.

Globally, Asian markets too extended their gains. Nikkei rose 1.3% while Shanghai, Hang Seng, Straits Times and Kospi gained 0.2-0.6% as a non-military solution to the Syrian crisis emerged. Investors are cautious ahead of China data - industrial output, retail sales and fixed asset investment data.