Santa rally on D-Street; Nifty tops 18K, Sensex gains 721 points

The Nifty reclaimed the 18,000 mark and ended the session at 18,014, a gain of 208 points or 1.1 per cent

A combination of gains in financial stocks and optimism about easing US inflation, helped the indices post gains on Monday – it came after four sessions of continuous losses.

As a result, the Sensex reclaimed its 60,000 mark and ended the session at 60,566, a gain of 721 points or 1.2 per cent. The Nifty50 regained the 18,000 mark and ended the session at 18,014, a gain of 208 points or 1.1 per cent. 

The gains on Monday have infused hope in some sections of the market that the Santa Claus rally will happen this year too. Santa Claus rally