Sensex rallies 400 points as financials, IT stocks gain

The NSE Nifty 50 index rose 0.57% to 14,761.05 by 9:26 am, up after three straight sessions of falls, while the S&P BSE Sensex advanced 0.55% to 49,005.37.

Indian shares opened higher on Monday after closing out the previous week on a weak note, as financials rebounded and IT stocks regained some lost ground, although the domestic coronavirus tally reached nearly 25 million cases. The NSE Nifty 50 index rose 0.57% to 14,761.05 by 9:26 am, up after three straight sessions of falls, while the benchmark S&P BSE Sensex advanced 0.55% to 49,005.37. Last week, they lost 0.9% each. Indian health ministry data on Monday showed 4,106 deaths over the last 24 hours and total cases of 24.97 million, even as some states on Sunday said they would extend COVID-19 lockdowns.