Sensex rises over 850 points after falling 4,100 points last week

Sensex rose over 850 points after the index recorded a 4,100-point dip in five consecutive sessions of decline last week. Sensex hit an intraday high of 78,918.12 on Monday while Nifty, rising over 1.10%, also rose nearly 300 points. A rally in global markets and value buying at lower levels, along with buying in blue-chip stocks, helped in market recovery.