Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading more than 2 per cent higher on Monday.

BSE Sensex soars over 1100 points to trade above 56000, while NSE Nifty 50 index was nearing 16700.

Infosys, Mahindra & Mahindra, Wipro, HCL Tech, Tata Consultancy Services (TCS), UltraTech Cements, HDFC, Reliance Industries Ltd were top Sensex gainers.

All the Nifty sectoral indices were trading in the green, with Nifty IT leading the pack, up 2.6 per cent.

Nifty Bank index was up 1.2 per cent, Nifty Auto added 1.8 per cent, and Nifty FMCG gained 0.9 per cent.