Three reasons why Sensex zoomed over 500 points on Monday

Among stocks, HDFC twins, Reliance Industries (RIL), TCS, Infosys and Hindustan Unilever (HUL) emerged as the biggest contributors to the index's gains

Shrugging off weak global cues, the S&P BSE Sensex and the Nifty50 scaled new lifetime highs in the intra-day session on Monday amid heavy buying in auto, financials and information technology (IT) stocks. The S&P BSE Sensex ended the day at 40,267 levels, up nearly 1.4 per cent, or 553 points. This is the first time ever that it has closed above the 40,000 mark. The Nifty50, on the other hand, surged 166 points to end at 12,088 levels.

Among stocks, HDFC, HDFC Bank, Reliance Industries (RIL), TCS, Infosys and Hindustan Unilever (HUL) emerged as the biggest contributors to the