A roller-coaster ride: FPIs propel Nifty to reclaim 18K; Sensex tops 60K

India’s benchmark indices rose on Monday amid strong buying from foreign portfolio investors (FPI), and hopes of the US Federal Reserve going slow on rate increases after an impending hike this week.

The Sensex ended the session at 60,746, gaining 786 points, or 1.3 per cent, the highest close since January 18, while the Nifty gained 225 points, or 1.27 per cent, to close at 18,012. The Sensex ended above 60,000 and the Nifty above 18,000 for the first time since September 14.

In October, the Sensex gained 5.7 per cent or 3,319 points whereas the Nifty gained 5.3 per cent, or