Sensex, Nifty rise for 4th straight session; pharma, banking stocks gain

Equity gauges Sensex and Nifty rallied for the fourth straight session on Monday on hectic buying in mainly pharma, power and banking shares as investors brushed aside concerns over rising coronavirus cases amid positive global cues.

At the closing bell, the 30-share BSE index quoted 295.94 points or 0.60 per cent higher at 49,502.41. Over the last four sessions, the Sensex has gained 1,248.90 points or 2.58 per cent.

Similarly, the broader NSE Nifty jumped 119.20 points or 0.80 per cent to 14,942.35 – taking its total gains over the four days to 445.85 points or 3.07 per cent. On Monday, L&T