Sensex, Nifty rebound over 1 pc on gains in banking, IT shares, snap 4-day losing streak
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Benchmark BSE Sensex and Nifty rallied more than 1 per cent on Monday on heavy buying in financials, IT and oil stocks after a four-day losing run.
The 30-share BSE index rallied 721.13 points or 1.20 per cent to settle at 60,566.42 as 25 of its constituents ended in the green. During the day, it jumped 988.49 points or 1.65 per cent to 60,833.78.
The broader NSE Nifty advanced 207.80 points or 1.17 per cent to settle above the 18,000 level at 18,014.60. As many as 40 of Nifty stocks advanced while 10 declined.