Nifty closed at 8,879, up 57 points

The market on Monday settled the day higher as a sharp rally in information technology, telecom and metal stocks boosted the sentiment on Dalal Street even as global markets remained cautious. The Sensex ended the day at 28,661, up 193 points, while the broader Nifty closed at 8,879, up 57 points.
Metal index (up 2%) was the leading sectoral gainer, led by gains in Jindal Steel (up 8% at Rs100), Tata Steel (up 4% at Rs 486) and SAIL (up 3% at Rs 62). TCS stock spiked 4% to Rs2,506 after the company, following a board meeting, announced to buyback 2.85% of its equity capital at 14.6% premium to its current market price. OI increase w.r.t increase in price was seen in SBIN and Increase in OI w.r.t Decrease in price was seen in ICICIBANK.  9000 CALL & 8700 PUT showing the highest Open Interest