Sensex jumps 1,422 points; HDFC, RIL and ICICI Bank among top gainers

The Sensex on Monday rallied 1,422 points, or 3.75 per cent. This was the second-biggest ever gain for the 30-share bluechip index in terms of points. 

The gains were possible due to a sharp upmove in index heavyweights such as HDFC, Reliance Industries and HDFC Bank. These three stocks alone accounted for 550-point gain. 

Meanwhile, only 13 Sensex components outperformed the index gain of 3.75 per cent. Only two stocks — Bajaj Auto (down 1.2 per cent) and Infosys (down 0.2 per cent) ended with losses. The broader market BSE Midcap and BSE Smallcap index underperformed the