Sensex Rises Nearly 500 Points, Extends Gains For Second Straight Session

Stock Market India: Equity benchmarks reverse losses from earlier in the session to gain on Monday and extend their rally for the second straight day.

Indian equity benchmarks reversed losses from earlier in the session to gain on Monday and extended their rally for the second straight day despite cautious global sentiment as investors looked to corporate earning announcements for further guidance.

The 30-share Sensex index gained 491.01 points to end at 58,410.98 points, and the broader NSE Nifty-50 index rose 126.10 points to 17,311.80 points, reversing losses in early trade.

Asian shares, though, slipped to begin the week.