MARKET CLOSING UPDATES: Key Benchmark indices advanced on the second consecutive day, with BSE Sensex rising by 491 points while Nifty settled above the 17,300 level on Monday on the back of buying in index majors Reliance Industries, ICICI Bank.

The 30-share Sensex increased for a second session, rising 491.01 points or 0.85 percent to close at 58,410.98. The index sank early in trading, hitting a low of 57,639.80 after opening lower. But in late morning trading, it recovered and increased by 529.03 points or 0.91 percent to reach a high of 58,449.

The NSE Nifty, which is more inclusive, increased by 126.10 points or 0.73 percent to close at 17,311.80, marking its second straight session of gains.

The biggest gainers among Sensex stocks were State Bank of India, NTPC, Bajaj Finserv, ICICI Bank, Axis Bank, Reliance Industries, and IndusInd Bank. On the other hand, the laggards were Bharti Airtel, Tata Steel, Nestle, Power Grid, HCL Technologies, and Wipro.

International Markets: Asia's markets saw gains in Seoul, Shanghai, and Hong Kong while losses were recorded in Tokyo. In mid-session trades, stock exchanges in Europe were trading in the green. Friday's closing price on Wall Street was substantially lower.

Benchmark Brent crude for world markets was down 0.07 percent at USD 91.57 a barrel.
According to exchange data, foreign institutional investors (FIIs) continued to be net sellers on Friday in the Indian capital market, selling shares worth 1,011.23 crore.

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