Sensex soars 373.06 points, Nifty reclaims 10,600-mark

Markets recovered from initial losses with Sensex jumping over 1 percent and Nifty reclaiming 10,600-mark in closing trade on Monday.

Sensex soared 373.06 points or 1.07 percent to 35,354.08 while Nifty rallied 101.85 points or 0.97 percent to reclaim 10,600-mark.

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The crude oil prices have guided the markets for the past few weeks after it touched $86-a-barrel mark in early October. The Brent crude oil slipped below $60, a decline of over 30 per cent in just a month following the US move to let 8 countries, including India and China, continue buying oil for six months from Iran despite its sanctions.