Sensex gains 401 pts; Nifty above 17,700; bank stocks rally

Indian shares advanced on Monday, led by financials, after improved quarterly results from heavyweights Reliance Industries Ltd and ICICI Bank Ltd prompted investors to shrug off concerns of a lacklustre earnings season. The Nifty 50 closed 0.68% higher at 17,743.40, while the S&P BSE Sensex added 0.67%.


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