New Delhi - India's benchmark Sensitive Index jumped 585 points Monday, buoyed by weekend interest rate cuts announced by the country's central bank.

The 30-share Sensex of the Bombay Stock Exchange closed at 10337.68, 5.62 per cent above its previous close.

The broader 50-share Nifty of the National Stock Exchange rose 5.48 per cent to 3,043.85.

The Reserve Bank of India on Saturday reduced by 0.5 percentage points a key short-term lending rate to 7.5 per cent and also reduced the cash and bond reserve requirements of banks to increase liquidity in the market.

Banking, realty, capital goods and metal stocks were the day's big gainers while information-technology shares were among the losers. (dpa)