MUMBAI : Despite worries about rising number of coronavirus cases in India, markets climbed to 4.5 month high on Monday.
The Nifty managed to close above the 11000-mark with the 50-share index at 11,022.20, up 120.50 or 1.11%. The BSE Sensex was at 37,418.99, up 398.85 points or 1.08%.Global shares were mostly mixed while mainland Chinese stocks surged as China maintained its benchmark lending rate for the third straight month.“The earnings results declared so far have been positive, as the sectoral leaders, especially in the IT and banking sector, have emerged better than expected in a quarter that was considered to be a washout, in terms of business.