Sensex, Nifty climb nearly 1%; Reliance Industries, ICICI Bank lead charge

From the Sensex pack, Sun Pharma, ITC, NTPC, Reliance Industries, Larsen & Toubro, Tata Steel, HCL Technologies and ICICI Bank were among the major gainers.

Equity benchmark indices rallied nearly 1% to re-visit the 59,000-mark on Monday, tracking heavy buying in index heavyweights Reliance Industries and ICICI Bank.

The BSE Sensex rose 442.65 points or 0.75% to settle at 59,245.98. During the day, it jumped 504.92 points or 0.85% to 59,308.25.

The NSE Nifty advanced 126.35 points or 0.72% to 17,665.80.

From the Sensex pack, Sun Pharma, ITC, NTPC, Reliance Industries, Larsen & Toubro, Tata Steel, HCL Technologies and ICICI Bank were among the major gainers.

In contrast, Nestle, UltraTech Cement, Wipro, PowerGrid, Asian Paints and Hindustan Unilever were the laggards.

Elsewhere in Asia, bourses in Seoul, Tokyo and Hong Kong ended lower, while Shanghai settled in the green.

Equities in Europe were trading lower during the mid-session deals. The U.S. markets had ended lower on Friday.