Closing Update- Sensex and Nifty closed higher on Monday, regaining from their biggest weekly fall since August. Trading in US index futures showing Dow could rise and gains in Asian & global stock markets also elevated sentiment. 

The BSE Sensex closed higher by 294.71 pts to 34,300.47, while the NSE Nifty rose 84.80 points to close at 10,539.75. BSE MidCap rose 1.31% and SmallCap rose 1.60%, each, outshining the Sensex. 

All the sectoral indices on BSE, excluding IT and Teck, ended higher driven by realty, power, utilities and capital goods. Shares of Oil and Natural Gas Corp Ltd (ONGC) climbed as much as 3.8 per cent to Rs 194.5, their highest since February 2. The stock posted its biggest intraday percentage gain since January 23.