Relaxation of FDI norms helps Sensex, Nifty rise
The benchmark Sensex and the broader Nifty on Monday pared their initial losses and surged 241.01 and 68.30 points to close at 26,866.92 and 8,238.50 respectively. Investor sentiments remained upbeat amid the government easing FDI norms in several sectors, SEBI relaxing investment norms for Real Estate Investment Trusts, and firm Asian markets.