Indian equity indexes rose for the third straight day on Monday, boosted by robust buying interest in consumer durables and technology firms. On positive global cues, domestic indices surged sharply in today's session.

The 30-share BSE Sensex rose 1,041 points, or 1.90 percent, to 55,926, while the wider NSE Nifty advanced 309 points, or 1.89 percent, to 16,661.

Mid- and small-cap stocks ended the day on a high note, with the Nifty Midcap 100 up 2.42 percent and small-cap up 3.08 percent. The NSE's 15 sector gauges all ended the day in the green. The Nifty Consumer Durables and Nifty IT sub-indices both outpaced the platform, advancing 4.22 percent and 3.88 percent, respectively.

On the BSE, the overall market breadth was positive, with 2,366 shares rising and 1,092 falling. M&M, Titan, Infosys, HCL Tech, L&T, Tech Mahindra, TCS, Reliance Industries, UltraTech Cement, Wipro, Bajaj Finance, and PowerGrid were among the top gainers on the BSE index of 30 stocks. Kotak Mahindra Bank, Sun Pharma, Dr. Reddy's Laboratories, and ITC, on the other hand, all ended up in the red.

Meanwhile, ahead of the state-run insurer's earnings results, shares of Life Insurance Corporation of India surged 1.89 percent to 837.05.

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