Market continued its upward journey for the fourth straight session on Monday with the benchmark Sensex climbing by over 116 points on the Bombay Stock Exchange on funds buying in heavy-weight blue-chip stocks.
The BSE 30-share index, Sensex, which had gained over 435 points in the past three sessions, gathered another 116.57 points at 13,731.09. It moved between 13,744.17 and 13,416.40 points during the session on alternate bouts of buying and selling in index-related stocks.
The National Stock Exchange's 50-share Nifty also gained 40.10 points to close at 3,928.75, after hitting day's high at 3,934.00 and a low of 3,828.15 points.
The major contributors to the rise in the Sensex were Reliance Industries, which shot up by Rs 35.65, or 2.84 per cent at Rs 1,289.15 and ONGC by a whopping Rs 38.25, or 4.69 per cent at Rs 854.60 after reports that the country's largest oil explorer found reserves in a new find in the Krishna Godavari Basin.
ICICI Bank, HDFC Bank, State Bank of India, Larsen and Toubro, Tata Motors, Hero Honda, Tata Consultancy Services, Wipro and Grasim Industries also recorded smart gains on the bourses on Monday.