Indices engulfed the fall of last trading session and closed above it. Nifty rose 195 points to close 1 per cent higher at 18,264 level. S&P BSE Sensex jumped more than 700 points and closed at 61,764 level. Nifty Midcap 100 and Nifty Small cap 100 also participated in the rally and closed around 1.02 per cent and 0.94 per cent higher respectively.