Sensex, Nifty climb nearly 1%; metal, banking and capital goods stocks rise

The international oil benchmark Brent crude jumped 2.81 per cent to $95.63 per barrel

Equity benchmark Sensex rallied nearly 1 per cent to revisit the 59,000-mark on Monday, propelled by sharp gains in metal, banking, and capital goods stocks amid weak trend in global equities.

In a largely range-bound trade, the BSE benchmark rose 442.65 points, or 0.75 per cent, to settle at 59,245.98. During the day, it jumped 504.92 points, or 0.85 per cent, to 59,308.25. The NSE Nifty advanced 126.35 points, or 0.72 per cent, to 17,665.8.

Intense buying in index majors Reliance Industries (RIL), Sun Pharmaceutical Industries (Sun Pharma), and ITC, and an appreciating rupee also bolstered sentiment, said traders.

Sun