Sensex, Nifty settle higher for 2nd straight session

Benchmark indices Sensex and Nifty closed higher for the second straight session on Monday, boosted by buying in index heavyweights Reliance Industries, ICICI Bank and M&M stocks amid a positive trend in global markets.

The 30-share BSE Sensex climbed 240 points to settle at 62,787. During the day, it jumped 396 points to 62,943.

The NSE Nifty advanced 59.75 points to end at 18,593.

From the Sensex pack, Mahindra & Mahindra climbed 3.81 per cent and Axis Bank advanced 2.68 per cent, followed by Tata Motors, Larsen & Toubro, Tata Steel, ICICI Bank, Reliance Industries, Maruti, IndusInd Bank and Sun Pharma.

Asian Paints, Tech Mahindra, Nestle, Hindustan Unilever, Kotak Mahindra Bank and ITC were among the laggards.

Global oil benchmark Brent crude jumped 1.92 per cent to USD 77.59 a barrel.