Here's how the day was at the Markets

Indian stocks had a dream start to the week on Monday as a 2 percent surge on the Nifty saw it closing at a 6-week high as investors bought into beaten down blue chips and traders pressed long positions in frontline momentum stocks.

A strong close in Asia and an equally robust opening in Europe also helped local sentiment on Dalaal Street.

The Nifty surged 169 points, or 2.1 percent, to 8,119 points, its highest level since August 24th. Tata Motors, Tata Steel, HDFC, Bosch and Adani Ports gained more than 4.5 percent each on the index while Maruti, Dr. Reddy's, Lupin and Hindustan Unilever posted losses. The Nifty's Advance-Decline Ratio stood at 45/5.

Maruti, TCS and HCL Tech were the 3 most actively traded stocks on the National Stock Exchange.

Strong gains were also seen on broader indices with CNX 100, CNX 200 and CNX 500 benchmarks rising more than 2 percent each. The CNX Mid Cap and Small Cap indices gained substantially as well. The best was reserved for the banking sector where banks jumped sharply. As a consequence, the Bank Nifty surged 3.1 percent. The CNX PSU Bank index added 2.5 percent and the CNX Finance Index leapt 3.5 percent as traders also covered existing short positions in the sector. Benchmarks representing the Metals and Energy spaces rose smartly too.

The mood was equally buoyant on the Bombay Stock Exchange where the Sensex jumped a whopping 564 points, or 2.2 percent, to 26,786 points. Hindalco, Larsen, Axis Bank, NTPC and BHEL added to their tally whereas Maruti, Lupin, Dr. Reddy's and Hindustan Unilever fell in trade. The Sensex's Advance-Decline Ratio stood at 26/4.

Maruti, Larsen and Tata Motors were the 3 top traded stocks on the Bombay Stock Exchange.

Sentiment was bullish in the derivatives space as well with 150 futures gaining compared with 14 that fell. Jindal Steel, Power Finance and Rural Electrification Futures were top gainers while Amtek Auto, Dabur and Cadila dropped in trade.

Bulls dominated trade in the wider market as well with 1,998 stocks gaining compared with 793 that fell below their Thursday's closing prices.

Kewal Kiran Clothing, Simplex Infrastructure, Bombay Rayon Fashions and ITD Cementation were on the volume buzzers list on the National Stock Exchange.

Image credit: Indiatimes