Sensex and Nifty climbed higher on Monday marking the second consecutive day of gains, At close, the BSE Sensex rose 395 points to settle at 52,880 while the NSE Nifty 50 gained 112 points to finish the day’s trade at 15,834.

SBI gained 2.16percent to end as the top index gainer, followed by Tata Steel, Bajaj Finserv, and Larsen & Toubro. On the other hand, Tech Mahindra, Dr Reddy’s, HCL Technologies, Titan, and Bharti Airtel were closed in Red. Broader markets mirrored the up-move. Among sectoral indices, only Nifty IT and Nifty Pharma closed in the red. Bank Nifty soared 1.16percent. India's volatile index ended in the red.

Broader markers helped the rally with the midcap and smallcap indices ending over half a percent higher each. Among sectors, Nifty Realty, Nifty Metal, Nifty Bank and Nifty Financial Services saw the most gains, while the IT index closed marginally lower.

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