Indian stocks snapped a four-day losing streak on Monday. Top indices, S&P BSE Sensex and NSE Nifty50 extended gains after a cautious start. The Sensex closed at 60,566.42, up 721 points or 1.2%, while the broader Nifty topped 18,000 to close at 18,014.60, up 207.80 points or 1.17%. Banking benchmark Bank Nifty rose 962 points, or 2.31%, to 42,630.15.

India’s VIX index, which measures volatility in the Nifty, fell 1.4% to 15.93.

Out of 50 stocks in Nifty50, 40 were the best performers. The biggest gainers were the State Bank of India (SBI), IndusInd Bank, Hindalco Industries, Coal India and Bajaj Finserv. In contrast, the biggest losers were Cipla, Divi’s Laboratories, Dr Reddy’s Laboratories, Nestle India and Kotak Mahinda Bank.

All Nifty sector indices closed in the green except Nifty Pharma (-0.84%) and Nifty Healthcare Index (-0.85%). Nifty PSU Bank was in focus with a 7.29% gain. Nifty Bank, Nifty Realty and Nifty auto were among the top gainers.

This cheerfulness is also reflected in the broader market. The Nifty Mid Cap 100 closed at 30,977, up more than 800 points or 2.72%. Ninety-one stocks in the 100-stock index rose. The biggest gainers were Union Bank, Poonawalla Fincorp and Yes Bank, while the biggest losers were Lal Pathlabs, IPCA Labs and Lupine.

The Nifty Small Cap 100 gained 93 times and fell seven times. Easy Trip Planners, Bank of Maharashtra and Suzlon Energy were the top gainers, while DCM Shriram, Glenmark Pharma and Metropolis Healthcare were the top losers.

Among the 3,768 stocks, 2,874 rose, 762 fell, and 132 were flat. 55 stocks hit 52-week highs, and 212 hit 52-week lows.

The Radiant Cash Management Services IPO was subscribed at 0.05 times the entire NSE. The retail segment was subscribed 0.06 times.