Key benchmark indices ended over 1% higher on Monday, amid firm global cues, after eurozone leaders unanimously reached an agreement with Greece for a debt bailout package, thereby keeping the debt ridden nation as part of the European Union. Further, rally in Chinese stocks for the third straight session post the rout last week also aided sentiment.
In the broader markets, the BSE Mid-cap and Small-cap indices ended up 1.3-1.4% each.
On the domestic front, the government will release consumer price inflation index for June later today.
IIP growth for May 2015 declined to 2.7% as against street expectation of around 4.0% growth, while the IIP growth for April 2015 has been revised downwards to 3.4% from 4.1% stated earlier.
The 30-share Sensex ended up 300 points at 27,961 and the 50-share Nifty ended up 99 points at 8,460.
Ballarpur Industries rose 8.13%, after the company said its board approved a binding offer received for divestment of entire equity stake of 98.08% in its step down subsidiary, Sabah Forest Industries Sdn. Bhd. Malaysia.
MM Forgings rose 1.89% after HDFC Mutual Fund bought 3 lakh shares of the company at an average price of Rs675 per share in a bulk deal on NSE on Friday, 10 July 2015.
Suven Life Sciences rose 7.09%, after the company said it secured four product patents for their New Chemical Entities' in China, Mexico and South Africa.
The market breadth stood in favour of advances. Of the 2920 stocks traded on the BSE, 1789 (61.27%) rose, 1005 (34.42%) fell and 126 (4.32%) stocks remained unchanged.
Among the sectoral indices- Top Gainers: S&P BSE IT up 1.71%, S&P BSE TECk up 1.65% and S&P BSE Auto up 1.60%. Top Loser: S&P BSE CG down 0.19%.
Among 'A' group stocks, top three gainers were - NIIT Tech up 7.44%, DCB Bank up 6.90% and FSL up 6.32%. Top three losers were - Bhushan Steel down 5.79%, Sintex down 5.70% and JP Infra down 2.85%.
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