At Close, the Sensex was up 562.75 points or 0.94% at 60,655.72, and the Nifty was up 158.50 points or 0.89% at 18,053.30 as wholesale inflation dropped to a 2-year low of 4.9 percent at December and oil refiners rose in trade after the government slashed windfall tax on crude and aviation fuel.L&T, HUL, HDFC, HCL Technologies, and HDFC Bank were among the top gainers on the Nifty, while SBI, IndusInd Bank, Bajaj Finserv, Wipro and Bajaj Finance were the losers. About 1641 shares have advanced, 1764 shares declined, and 133 shares are unchanged. On the sectoral front, oil & gas, realty, energy, infra, power, capital goods, and FMCG gained 1% each, while the PSU bank index shed 2%. Broader markets, however, underperformed benchmark indices as Nifty SmallCap 100 and Nifty MidCap 100 indices dropped up to 0.1 percent. India VIX, the volatility gauge, meanwhile, eased below 2 percent.