Closing bell: Sensex climbs 375.61 points to 81,559.54, Nifty at 24,936.40

NEW DELHI: Equity benchmark indices, Sensex and Nifty closed in green on Monday after opening on negative note. Sensex rose by 375.61 points to settle at 81,559.54 while Nifty settled at 24,936.40.
Earlier, Sensex opened at 80,973.75, down by 210 points (0.26%) while Nifty was down by 28 points at 24,823 points.
Hindustan Unilever, ICICI Bank, ITC, Kotak Bank and IndusInd Bank were among the major gainers among Sensex while Tech Mahindra, NTPC, Tata Steel, Tata Motors and Powergrid were the major laggards.
"Despite a negative opening amidst weak global cues, the domestic market exhibited some recovery from last week's steep fall. The market is currently attempting to gain stability between potential rate cuts and recession fears in the US," said Vinod Nair, head of research, Geojit Financial Services.
Meanwhile, Asian market including Seoul, Tokyo, Shanghai and Hong Kong settled lower while European markets were trading higher. The US markets ended significantly lower on Friday.
Global oil benchmark Brent crude climbed 1.13 per cent to $71.84 a barrel.
The Indian equity markets witnessed a steep decline on Friday, with the banking and energy sectors being the most severely affected. The Nifty plummeted by 292.95 points or 1.17 per cent, closing at 24,852.15 while the Sensex fell by 1,017.23 points or 1.24 per cent, ending the trading session at 81,183.93.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 620.95 crore on Friday, according to exchange data.