Sensex ends above 40,000-mark; all 19 indices rise, auto gains the most

Analysts said India is benefiting from the weakness in global markets that is resulting into fall in oil prices, US bond yields and dollar

The markets on Monday rallied sharply, with the benchmark Sensex and the Nifty closing above 40,000 and 12,000 for the first time after weak economic data, coupled with slump in oil prices, increased expectations of a rate cut by the Reserve Bank of India (RBI).

The Sensex ended at 40,267.62, up 553 points, or 1.4 per cent, while the Nifty added 166 points, or 1.39 per cent, to close at 12,089.

The gains came despite a slump in global equities amid fears of economic slowdown due to the US-China trade conflict. Driven by the robust show by indices, investor wealth