Sensex gains over 220 points, Nifty trades above 10,850

The benchmark equity index, BSE Sensex registered a bullish jump on Monday morning with Sensex gaining 223 points, while NSE's Nifty 50 above 10,860 at around 09.45 am.

As of the moment, Sensex is at 36,186.38 up by 223.45 points whereas Nifty is at 10,860.85, up by 55.40 points.

Thirty-seven out of 50 Nifty stocks traded with gains.

Indian benchmark indices BSE Sensex and NSE's Nifty 50 rose encouragingly on the first day of the week. The rise is being attributed to mixed indications for the global market and optimism of easing regulatory norms after the appointment of new Reserve Bank of India chief.

On December 12, the newly appointed Reserve Bank of India (RBI) Governor Shaktikanta Das had emphasised over the significance of the issue of liquidity and inflation target.

He said, " The inflation target continues to be very important. It is really heartening that it has been very good but we have to ensure stability. The issue of liquidity is also important and I will work on these issues too. The maintenance of the growth trajectory of the Indian economy is extremely important."

The Reserve Bank of India's (RBI) Central Board on Friday deliberated on the banks' Governance Framework during its meeting here and concluded that the matter required further examination, the central bank's Chief General Manager, Jose J. Katoor confirmed.