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Nifty closed above 8800, the index rose by 198 points

The stock market rallied strongly on the first trading day of the week. Nifty opened with good gains in early trading and managed to close at the upper levels of 8800.

At the end of trading, the Sensex jumped over 198 digits closed around 28440. The Nifty closed above 8800, with 1 per cent. The Bank Nifty closed above 20 370 with a gain of 0.8 percent.

Nifty Midcap 50 index closed at the level of 4086.95 with a gain of 0.6 percent. The BSE midcap-Smallcap index managed to close above the 1 per cent. Larjkap BSE Pharma index jumped 0.7 percent to a level of 3432.90 and closed.

Finally, the BSE 30-share Sensex index gained 198.76 points, or 0.7 percent, to close at 28439.28 levels. The NSE 50-share Nifty index rose by 60.10 points, or 0.7 percent, to close at 8801 levels.

As of today, Ambuja Cement giants, Sun Pharma and ACC gained 4.5 to 3.9 percent. While Dr Reddy's, Cipla and 1.5 to 0.9 percent, the decline of Omjisi.