Mumbai: Stocks on Monday rose for the first time in six days, with the benchmark Sensex rebounding over 235 points to end at 31,449 as investors took comfort from tentative signs of tensions easing between the US and North Korea.
Chinese president, for his part, urged both countries to restrain from activities that would raise geo-political temperature. Weak US inflation numbers tamped down fears that the US Fed would rush into policy tightening any time in the near future, traders said.
The 30-share Sensex after opening higher settled up 235.44 points, or 0.75%, at 31,449.03.
The gauge had lost 1,111.82 points in the last five days. The 50-share Nifty bounced 83.35 points, or 0.86%, to 9,794.15 at the close.
Stock exchanges will remain closed on Tuesday for Independence Day.
