Sensex rallies 638 pts, Nifty settles above 26,000

Benchmark stock indices Sensex and Nifty surged nearly 1 per cent on Monday as investor sentiment remained positive amid foreign fund inflows and a rally in global markets on expectations of further monetary policy easing by the US Federal Reserve.Photograph: Shailesh Andrade/ReutersBuilding on the previous session's rally, the 30-share BSE Sensex jumped 638.12 points or 0.75 per cent to settle at 85,567.48.During the day, it surged 671.97 points or 0.79 per cent to 85,601.33.The 50-share NSE Nifty climbed ...