Sensex rises 1% led by gains in automobile and pharmaceutical shares

The NSE Nifty rose 98.1 points, or 0.97%, to end at 10,211.8, while the Sensex added 287 points, or 0.9%, to close at 33,255.36

Indian markets rallied 1 per cent on Monday led by gains in automobile and pharmaceutical shares, even as stocks of big lenders fell sharply.

The NSE Nifty rose 98.1 points, or 0.97 per cent, to end at 10,211.8, while the Sensex added 287 points, or 0.9 per cent, to close at 33,255.36. 

The S&P BSE midcap index added 1.4 per cent and the smallcap index gained 2.4 per cent, the most in more than seven months. 

Experts said domestic markets played catch-up with global peers after trading resumed after a four-day long weekend. The markets saw their worst quarterly loss in more than