Stock market opens week on strong note led by buying across sectors

New Delhi, Dec. 22 -- Indian stock market on Monday began the week on a strong note led by buying across the sectors. Positive global cues and persistent buying by FIIs and DIIs also helped in market's performance.

At close, the Sensex was up 638.12 points or 0.77% at 85,567.48, and the Nifty was up 206 points or 0.79% at 26,172.40.

The BSE Midcap index rose by 0.86% and the Smallcap index jumped 1.12%. The market capitalisation of BSE-listed firms rose to Rs 475 lakh crore from Rs 471 lakh crore in the previous session.

Barring Nifty Consumer Durables which was down by 0.16%, all sectoral indices ended higher.

Nifty IT jumped 2.06%, followed by Nifty Metal up by 1.41%. Further, the Nifty Bank ended 0.40% higher at 59,304, while the Fin...