Sensex soars nearly 900 points as financial stocks rise

The NSE Nifty 50 index settled 1.67% higher at 14,923.15, snapping a three-session losing streak, while the benchmark S&P BSE Sensex ended up 1.74% at 49,580.73.

Indian shares closed more than 1% higher on Monday, boosted by gains in financial stocks, as investor sentiment improved after domestic coronavirus cases fell below the 300,000 mark for the first time since April 21. The NSE Nifty 50 index settled 1.67% higher at 14,923.15, snapping a three-session losing streak, while the benchmark S&P BSE Sensex ended up 1.74% at 49,580.73. Last week, both indexes lost 0.9% after worries over higher U.S. inflation triggered a sell-off in global markets.