By IANS,
Mumbai : A benchmark index for Indian equities Monday recouped most of its last week’s losses, ending 3.46 percent higher than its previous close.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,799.49 points, closed at 17,348.84 points (provisional), 579.73 points or 3.46 percent higher than its previous close at 16,769.11 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 5,202.3 points, a gain of 3.67 percent from its previous close at 5,018.05 points.
Broader market indices also shut shop in the positive with the BSE midcap index ending 2.45 percent up and the BSE smallcap index closing 2.81 percent higher.
The buoyant show by Indian equities was due to widespread relief across the globe after the European Union came out with a massive $1 trillion financial aid package to help Greece tide over its debt problems and reassure investors that it would not result in a credit crunch.