Sensex near day’s high, up 490 pts, Nifty tops 24,150; Cipla, Tata Motor PV lead

Benchmark equity indices Sensex and Nifty50 rebounded on Monday following a decline in crude oil prices and supportive global cues. A firm buying in index heavyweight Reliance Industries also added to the markets’ optimism.

As of 11:02 AM, the Nifty50 was up 0.6 per cent or 24,158.00, and the Sensex rose 477.23 points or 0.62 per cent to 77,280.13.

Cipla, Infosys, and Tech Mahindra were the top gainers in the Nifty50.

In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 0.48 per cent and 0.58 per cent higher, respectively.

Sector-wise, the Nifty IT rose over 1 per cent to lead gains. The Nifty Oil & Gas, and the Nifty Consumer Durables were the top gainers. The Nifty Chemical underperformed.