SBI, NTPC, Bajaj Finserv, ICICI Bank, Axis Bank, Reliance Industries and IndusInd Bank were the biggest winners.
SBI, NTPC, Bajaj Finserv, ICICI Bank, Axis Bank, Reliance Industries and IndusInd Bank were the biggest winners.
The benchmark BSE Sensex climbed 491 points, while the Nifty closed above the 17,300 level on Monday on the back of buying in major Reliance Industries, ICICI Bank and recovery in global markets.
Climbing for the second session, the 30-share Sensex jumped 491.01 points, or 0.85%, to end at 58,410.98. The index opened at a lower level in early trade and came down to a low of 57,639.80. However, it bounced back in the morning trades and touched a high of 58,449, up 529.03 points or 0.91%.
The broader NSE Nifty climbed 126.10 points or 0.73% to end at 17,311.80, marking its second straight session of gains.
State Bank of India, NTPC, Bajaj Finserv, ICICI Bank, Axis Bank, Reliance Industries and IndusInd Bank were the biggest gainers in the Sensex stocks.
On the other hand, Larsen & Toubro, HCL Technologies, Wipro, Tata Steel, Nestle, Power Grid and Bharti Airtel were among the laggards.
In Asia, markets in Seoul, Shanghai and Hong Kong closed higher, while Tokyo ended lower.
Stock exchanges in Europe were trading in positive territory in mid-session deals. Wall Street closed significantly lower on Friday.
International oil benchmark Brent crude was trading 0.07% lower at $91.57 per barrel.
Foreign institutional investors (FIIs) remained net sellers in the Indian capital market on Friday as they sold shares worth 1,011.23 crore, according to exchange data.