Provisional: Sensex ends above 21,000; Infosys up 3%

Markets ended higher led by IT majors post better-than-expected Q3 earnings from Infosys and hopes that the RBI may not hike key policy rates

Markets surged on Monday to end nearly 2% higher led by gains in IT majors after Infosys reported better-than-expected earnings and raised its dollar revenue guidance for the current fiscal. Further, hopes that the Reserve Bank of India would maintain status quo on key policy rates for the second straight month also boosted sentiment.

The 30-share Sensex gained 409 points or 1.97% to end at  21,168 and the 50-share Nifty surged 114 points or 1.85% to end at 6,285.