Global risk-on sentiment led to Indian indices rallying in excess of a per cent on Monday.
The Nifty closed at 5,283, up 67 points (1.28 per cent). The Sensex gained 215.03 points (1.25 per cent) to 17,413.
Energy, banking and auto stocks led the rally.
“Strong buying action in RIL came as a welcome respite for long-term investors in the stock,” said Milan Bavishi, Head Research-Inventure Growth & Securities.
RIL gained 5.5 per cent to Rs 783.50 on the NSE.
Volatility was up 0.6 per cent and the India Vix closed at 16.22.
The only losers were FMCG indices on the NSE and the BSE and IT and Technology indices on the BSE.
RIL, Tata Motors, JP Associates, GAIL and Kotak Bank were the top five Nifty gainers while BPCL, Wipro, Dr Reddy's, TCS and ITC were the top five losers.