The broader NSE index rose to a one-year high on Monday, as the sentiment got a boost after G20 policymakers agreed on the need to support measures for global growth.

The broader NSE index jumped 94.45 points or 1.11 per cent to end at 8,635.65, after earlier hitting its highest since July 23, 2015. The index was earlier down 0.28 per cent.

The benchmark index closed up 292.10 points or 1.05 per cent after reaching its highest since August 11, 2015.

All BSE sectoral indices ended in the green. Among them, PSU index gained the most by 1.92 per cent, banking 1.65 per cent, oil & gas 1.52 per cent and consumer durables 1.38 per cent.

Top five Sensex gainers were Maruti (+3.11%), State Bank of India (+2.86%), Asian Paints (+2.25%), ICICI Bank (+2.12%) and ONGC (+1.91%), while the major losers were Dr Reddy's (-3.62%), GAIL (-1.04%), Bajaj Auto (-0.76%), and Tata Steel (-0.41%).

G20 meet

Policymakers from the Group of 20 countries agreed at the weekend to work to support global growth and better share the benefits of trade, in a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism.

Overall sentiment was however still cautious given uncertainty surrounding whether the current session of Parliament will pass the Goods and Services Tax (GST) Bill and as investors awaited other corporate earnings.

“Markets are receiving mixed signals over the uncertainty clouding GST as of now but if it's passed then FII (foreign institutional investor) inflow will increase, which could benefit the market,” said Vinod Nair, head of research with Geojit BNP Paribas Financial Securities.

World shares held near nine-month highs on Monday after G20 finance chiefs vowed over the weekend to use “all policy tools” to lift global growth.

European stocks rose on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals.

A report by SMC Global said: "Most of the Asian stocks rallied after the S&P 500 Index set a fresh record, rising with the dollar as investors looked ahead to central bank meetings this week in the US and Japan. The yen slumped with gold. Wall Street edged up on Friday back towards record levels, as AT&T and Verizon led telecom stocks higher, but the gains were limited by weakness in industrials after General Electric's tepid quarterly report. The major US indexes were poised to notch their fourth straight positive weeks. Japan had a merchandise trade surplus 692.8 billion yen in June, the Ministry of Finance said. That beat forecasts for 474.4 billion yen following the upwardly revised 40.6 billion yen deficit in May (originally -40.7 billion). Exports were down 7.4 per cent on year, topping forecasts for a fall of 11.3 per cent, which would have been unchanged from the previous month. Imports tumbled an annual 18.8 per cent, also exceeding expectations for a fall of 20.0 per cent following the 13.8 per cent drop a month earlier."

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