Indices surge on the back of China rally; 124 stocks hit 52-week high

The Indian markets ended higher for a fourth straight session on Monday, tracking a sharp rally in global shares after a surge in Chinese stocks triggered a wave of optimism for a recovery from the Covid-19 pandemic.

The benchmark Sensex and the Nifty have advanced 4.5 per cent in the past four trading sessions to end at their highest level since early March.

The latest rally in global equities was fuelled by gains in the Chinese stocks, with the CSI 300 Index, a gauge for performance of shares listed in Mainland China, surging as much as 5.7 per cent —