Positive news ranging from the domestic economy returning to growth and better auto sales to the cooling down of US bond yields saw the benchmark Sensex surging nearly 750 points and the Nifty gaining over 232 points on Monday.

The gains came on a day the country began its next phase of vaccination even as encouraging data came in on the GST front. Experts are of the view that while equity prices could witness an upward momentum, factors like rising number of Covid-19 cases could affect the rally.

In Monday’s trading, the 30-share index opened in the green at 49747.71 and touched an intra-day high of 50058.42. Subsequently, it ended at 49849.84, showing a rise of 749.85 points or 1.53 per cent. Similarly, the Nifty ended with a gain of 232.40 points or 1.60 per cent at 14,761.55.

Another glitch

The NSE and BSE on Monday said all their operations are functioning in a normal manner after HDFC Securities flagged that confirmations were not received for orders placed in the NSE cash segment due to a “technical glitch”.

After mentioning about the technical glitch in a tweet at 10.01am, HDFC Securities, at around 11.53am, released a statement saying the issue "got resolved at 9.50 am" and that investigation is going on to find out the root cause.