Sensex jumps 409 points as banking, metal stocks rally

Equity benchmark indices extended early gains in the afternoon session on July 09 after Prime Minister Narendra Modi said India is seeing green shoots of economic recovery.

"The story of global revival will have India playing a leading role," he said at the India Global Week Summit.

The BSE S and P Sensex closed 409 points or 1.12 per cent higher at 36,738 while the Nifty 50 ticked up by 108 points or 1.01 per cent at 10,813.Except for Nifty FMCG which slipped by 0.3 per cent, all sectoral indices at the National Stock Exchange were in the green with Nifty metal up by 1.9 per cent, financial service by 1.6 per cent, PSU bank by 1.2 per cent and private bank by 1.1 per cent.