Mumbai: Key indices led by banks on Monday soared high as investors took cues from encouraging European markets. The investor sentiment got a boost after G-20 policymakers have agreed on the need to support measures for global growth. This infused a fresh buying interest in the market. Led by HDFC, financial stocks were the major gainers on the Street.

The domestic markets have witnessed an encouraging session as Nifty and Bank Nifty closed at a fresh 52-week highs. The Nifty ended up 94.45 points or 1.1 percent at 8635.65. The market barometer Sensex added 292.10 points or one percent and ended the session at 28,095.34, its highest closing level since August 10, 2015.

Oil & gas, realty, consumer durable and banking stocks propelled the Nifty to soar high.

About 1,721 shares have advanced, 999 shares declined and 191 shares are unchanged. BHEL, Maruti, SBI, Asian Paints and Sun Pharma were top gainers, while Dr Reddy’s, Bajaj Auto, Tata Steel and GAIL were losers among the Sensex stocks.

The discussion on GST Bill is likely this week in Parliament. This will be the next trigger for the domestic markets.

The trading pattern on the bourses right from the opening session was bullish as positive trading in Asian stocks brought cheer to the Indian investors.

The Bank of Japan (BoJ) may ease policy further at a review ending on Friday, while Japanese Prime Minister Shinzo Abe has ordered fiscal stimulus. Investors are looking to US Federal Reserve’s forthcoming policy meeting on July 26.