Sensex, Nifty end higher as IT, pharma stocks rise; RBI tanks

Benchmark stock market indices recovered at the end of the trading session due to a rally in IT and pharma stocks.

Indian shares ended higher in volatile trading on Monday, helped by IT and pharmacy stocks, while RBL Bank tumbled after its top boss went on medical leave and the central bank appointed an executive to the lender's board.

The NSE Nifty 50 index ended up 0.49% at 17,086.25 and the benchmark S&P BSE Sensex closed 0.52% higher at 57,420.24. Earlier in the session, they fell nearly 1% amid concerns over a global surge in Omicron coronavirus variant cases.