Will Sensex keep its 555-point gain? BSE benchmark and Nifty recover after 2-month slump

The 30-pack BSE benchmark Sensex and the 50-pack NSE benchmark Nifty recovered on Monday after IT stocks led the rally with auto and consumer durables. This not only cut the three consecutive days of losses, but also gave respite to Indian markets that have been on the decline for the past two months. Sensex gained almost 555 points (554.84 points) to settle at 80,364.49, while the Nifty gained 198.20 points to close at 24,625.05. Mahindra & Mahindra, Tata Motors, Trent, Eternal, Asian Paints and Infosys were the major gainers of the 30-pack Sensex. Market watchers said that a mix of…