Indian equity markets closed higher for the third straight session on Monday amid positive global cues due to a weekend debt ceiling deal in the US. Buying was seen across all major sectors, barring IT and oil & gas stocks.

Dear Trader… The 30-share BSE benchmark Sensex rose 345 points or 0.55% to settle at 62,846. The broader NSE Nifty surged 99 points or 0.54% to end at 18,598. In the Sensex pack, M&M, Titan, and Tata Steel were the gainers, rising 2-3%. HDFC, UltraTech Cement, SBI, ITC, and IndusInd