Sensex surges 380 points to settle at fresh closing high of 47,354

Equity indices continued to rise on Monday with both the BSE and NSE indices scaling fresh closing highs. After scaling an intra-day high of 47,407, the 30-share BSE index finished 380 points or 0.81 per cent higher at 47,354; while the broader NSE Nifty settled 124 points or 0.90 per cent at 13,873.