Sensex jumps 465 points to close at near 4-mth high

The closing price of the Sensex, which increased by 465.14 points to 58,853.07, was the highest since April 11 of this year...

Digital Desk: The Sensex and Nifty closed at around four-month highs on Monday, reflecting advances in index mainstays HDFC Twins and Reliance Industries amid favourable global market trends.

The closing price of the Sensex, which increased by 465.14 points to 58,853.07, was the highest since April 11 of this year. The Nifty finished at 17,525.10 after gaining 127.60 points.

"The main drivers of the market rally are falling oil prices and persistent FII buying. Heavyweights were crucial to today's increase, while PSU banks continued to face pressure as a result of the PSB major's disappointing performance," said Vinod Nair, Head of Research at Geojit Financial Services.