Sensex rallied over 3% on Monday as buying picked up in beaten down shares. Positive global cues from Europe also helped sentiments.
The main 30-share BSE index closed 3.01 per cent higher at 16,167.13. The broader index touched a high of 16,186.68 and low of 15,888.28.
The National Stock Exchange's Nifty ended at 4851.30, up 141.25 points or 3 per cent. The broader index touched a high of 4859.10 and low of 4766.40 in trade.
BSE Mid-cap Index was up 1.5 per cent and BSE Small-cap Index added 1.72 per cent.
Retail stock such as Pantaloon Retail Ltd, Shoppers Stop Ltd, V2 Retail Ltd, Trent and Koutons Ltd slipped 5-11% on Monday following reports the UPA may face pressure from opposition parties over reforms in FDI for retail.