Sensex rises over 200 points on tech boost, NIfty above 16,500

Benchmark indices opened stronger after a rebound in Asian shares and a strong performance by IT stocks.

Indian shares rose on Monday, buoyed by technology stocks and a rebound in Asian markets, while Cadila Healthcare jumped nearly 8% after the drugmaker's COVID-19 vaccine was approved for emergency use by the country. By 9:23 am, the blue-chip NSE Nifty 50 index was up 0.63% at 16,553.80, while the benchmark S&P BSE Sensex rose 0.66% to 55,695.84. The indexes had lost 0.71% and 0.54% on Friday.