The Indian equity benchmark rose on Monday as the market sentiment improved, with domestic coronavirus cases falling below the 300,000 mark for the first time since April 21. The S&P BSE Sensex closed up 895 points and the Nifty 50 index above 14,900 significant psychological. State Bank of India, HDFC Bank, ICICI Bank, HDFC, State Bank of India and Axis Bank were among the op movers in the Sensex.
The Sensex rose 848 points or 1.74 percent at 49,581 and the Nifty 50 index jumped 245 points or 1.67 percent to close at 14,923.
India reported 281,386 new coronovirus infections in the last 24 hours, its lowest since April 21, helped by extended lockdowns in some states.