Sensex rises 1.4% as public sector bank stocks rally; Nifty up 132 points

Monday's rally comes as a relief for the Indian markets, which faced heavy selling pressure since February

The Indian markets rebounded on Monday due to the easing of global trade tensions and heavy buying in banking stocks. Investors took comfort from the global movement, with most Asian markets closing with gains, European markets opening in the black and the futures market pointing to a strong opening on Wall Street as fears of a trade war between the US and China eased. 

The Sensex gained 470 points, or 1.4 per cent, to close at 33,066. The Nifty rose 132.6 points, or 1.3 per cent, to 10,130. The Nifty had closed below 10,000 for the first time in nearly six