Mumbai

Benchmark equity indices rebounded nearly 1 per cent on Monday, ending a three-session losing streak, led by gains in Reliance Industries and Sun Pharmaceutical Industries amid positive global cues.

The BSE Sensex jumped 639.42 points, or 0.83 per cent, to close at 77,303.63. During intraday trade, it rose as much as 755.83 points to 77,420.04.

The Nifty 50 climbed 194.75 points, or 0.81 per cent, to settle at 24,092.70.

Among Sensex constituents, Sun Pharma surged 7 per cent after announcing the acquisition of US-based Organon & Co in an all-cash deal valued at USD 11.75 billion, one of the biggest overseas acquisitions by an Indian company.

Reliance Industries rose 2.88 per cent. Other major gainers included Adani Ports and Special Economic Zone, Tech Mahindra, Mahindra & Mahindra, NTPC, HCL Technologies and Tata Consultancy Services.

Losers included Axis Bank, Bharat Electronics, Trent and ICICI Bank.

Broader markets also advanced, with the BSE SmallCap Select index gaining 2 per cent and MidCap Select index rising 1.35 per cent. All sectoral indices ended higher, led by utilities, healthcare, IT, realty and power stocks.

Analysts said improved global sentiment, especially hopes of easing tensions between the United States and Iran around the Strait of Hormuz, boosted investor confidence.

Among Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 and Shanghai Composite ended higher, while Hong Kong’s Hang Seng closed lower. European markets were trading in positive territory.

READ MORE: Yana Mir: Kashmir's lone journalist to challenge Pakistan's narrative

Brent crude rose 2.53 per cent to USD 107.9 a barrel. Foreign Institutional Investors sold equities worth Rs 8,827.87 crore on Friday, according to exchange data.