The Indian equity benchmarks rebounded strongly on Monday after witnessed biggest single-day decline in 11 months on Friday on the back of a broad-based buying interest led by auto and banking shares. The Sensex rose over 650 points and Nifty 50 index touched an intraday high of 14,710.30. HDFC Bank, Infosys, Reliance Industries, ICICI Bank, HDFC and Tata Consultancy Services were among the top movers in the Sensex.
As of 9:22 am, the Sensex was up 654 points or 1.33 per cent at 49,754 and Nifty climbed 1.15 per cent or 167 points to 14,696.
All the 11 sector gauges compiled by the National Stock Exchange were trading higher.