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MARKET WRAP: Banks push Sensex 277 pts higher; RIL up 2%, Infy gains 1%

Benchmark indices rose on Monday with heavyweights ASian Paints and Reliance Industries driving the indices highe

MARKETS LIVE: Sensex up over 200 pts as bank stocks rally, RIL, Infy up 1%

Benchmark indices ended higher on Monday with Nifty50 index settling above its crucial  10,850 levels, tracking gains in Asian peers after favourable US jobs data boosted risk appetite, with heavyweights Asian Paints and Reliance Industries (RIL) driving the indices higher. The S&P BSE Sensex ended at 35,935, up 277 points while the broader Nifty50 index settled at 10,853, up 80 points. Among sectoral indices Nifty Bank, Nifty PSU Banks and Nifty Pvt Bank indices ended 1% higher each with Federal Bank, YES Bank, RBL Bank and Axis Bank as top gainers in the pack. Nifty ...