Sensex, Nifty extend gains for the second straight day

NewsMobile Afternoon wrap

Sensex closed 155.06 points up at 35,850.16 on Monday while the Nifty 50 ended 49.25 points higher at 10,776.60. The indices gained for the second straight day helped by positive cues in global markets and continued buying by domestic investors.

Global shares rose after the Federal Reserve Chairman Jerome Powell said on Friday that the central bank would be patient and flexible in steering the course of interest rates.

ALSO READ:Fuel prices rise after dipping to last year’s lowest level on Dec 31

Oil prices rose by over 1%, lifted by US-China trade talks, while supply cuts by major producers also supported the market.

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