Heavyweights pull Nifty, Sensex out of the red; Bharti Airtel rises 3.4%

The benchmark stock indices, Sensex and Nifty50, reversed early losses to close higher by 0.40 per cent on Monday helped by buying in index heavyweight Reliance Industries, ICICI Bank and Bharti Airtel amid gains in global equities.

After falling 537.11 points to a low of 56,825.09 in morning trade, the 30-share BSE barometer staged a recovery in afternoon trade and climbed 231.29 points or 0.40 per cent to settle at 57,593.49. As many as 20 Sensex stocks closed with gains while 10 declined The broader NSE Nifty recovered 69 points or 0.40 per cent to settle at 17,222 with 29