IT, financials lead Sensex rally, boosting investor wealth by Rs 4 lakh crore

Following gains in global markets, Indian equity indices closed higher on Monday led by IT and financial stocks, while falling crude prices provided support to oil marketing companies.

The 30-share BSE benchmark Sensex surged 560 points or 0.77% to settle at 73,649. Meanwhile, the broader NSE Nifty gained 189 points or 0.86% to close at 22,336.