Indian markets settled sharply higher on Monday led by gains in power and FMCG stocks. At the close, the benchmark 30-share index, BSE Sensex gained 329.95 points or 1.21% at 27,701.79 with 25 components posting rise. Meanwhile, the broad based NSE Nifty went up by 98.80 points or 1.20% at 8,324.00 with 44 components posting rise.

Dipen Shah, Head of Private Client Group Research, Kotak Securities said, "Markets continued the run witnessed over the past two days, on supportive global cues. Russian markets stabilized and the Ruble also rose, lending support to European markets. We believe that, apart from the quarterly results in January, markets will be influenced by global economic developments, crude prices as well as further reform initiatives by the Government."
 
Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.