Sensex, Nifty rise on US rate cut hopes
The Indian benchmark indices Sensex and Nifty opened the week with gains on Monday, as IT stocks led the rally as potential rate cut in the US boosted investors' sentiment. The BSE Sensex gained 251.41 points, or 0.31% to touch 81,558. The Nifty 50 inched up 71 points, or 0.29% up to 24,941.