Indian markets surged to end over 2 per cent higher, led by a strong rally in global markets.
While the Sensex zoomed 564.60 points (2.15 per cent) to 26,785.55, the Nifty ended 168.40 points (2.12 per cent) higher at 8,119.30.
“The domestic markets remained in the positive zone on Monday due to revived sentiments in the global front and on the consistent buying in almost all counters,” said Geojit BNP Paribas Financial Services Head (Research) Alex Mathews.
“Buying till the last leg of trade along with firm global markets registered smart gains for the Indian benchmarks. The government's expectation of exceeding 7.5 per cent GDP growth, rupee appreciation and US macroeconomic numbers hinting at a tough situation for rate hike in 2015 were some positive cues that boosted the indices and enhanced investor confidence,” said Hem Securities Director Gaurav Jain.