Benchmark Sensex rose by 941 points, while Nifty concluded over the 22,600 level on Monday, boosted by buying in banking and infrastructure equities as well as a global stocks stock market surge.
The 30-share BSE Sensex spiked 941.12 points or 1.28 percent to 74,671.28. During the day, it increased 990.99 points or 1.34 percent to 74,721.15.
The NSE Nifty surged 223.45 points or 1 percent to 22,643.40.
ICICI Bank, SBI, IOCL, Zomato, Info Edge(India), IndusInd Bank, Ulta Tech Cement, Axis Bank, Tata Power, Vedanta, Power Finance Corp, and Kotak Mahindra Bank were the top gainers.
Among the laggards were HCL Technologies, Apollo Hospitals, SBI Cards, DLF, Bajaj Auto, and HDFC Life Insurance.
In Asian markets, Shanghai, Tokyo, South Korea, Hong Kong, Taiwan, and Malaysia have all settled in the positive territory.
European stocks were trading on a mixed note.
US markets concluded with gains on Friday.
Brent crude lost 0.51 percent to USD 88.70 per barrel.
According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 3,408.88 crore on Friday.
On Friday, the Sensex dipped 609.28 points or 0.82 percent to 73,730.16, while the Nifty sank 150.40 points or 0.67 percent to 22,419.95.
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