Mumbai, Dec. 22 -- The Indian stock indices closed on a positive note on Monday. At close, Nifty was at 26,172.40, up 206 points, or 0.78% while Sensex closed at 85,567.48, up 638.12 points or 0.75%.

The BSE Midcap index rose by 0.86% and the Smallcap index jumped 1.12%.

Almost all the major sectoral indices traded in positive territory. Sectors including IT, metals, capital goods, and financials recorded gains, while real estate and consumer durables were the key laggards.

The rupee rose for the second consecutive session as it opened 24 paise up at 89.41 against the US dollar after closing at 89.65.

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said the rupee traded flat near 89.65, holding in a narrow...