The Sensex of the Bombay Stock Exchange (BSE) commenced the week on a positive note after gaining 228 points in the morning trade.

The Sensex, which belled the day at 16,494.61, surged 228.66 points (1.39%) to trade at 16,674.27, about 90 minutes into trade.

In contrast, the Nifty of National Stock Exchange (NSE) stood at 4,996.45 after surging 1.32%.

The broader markets also witnessed gains, with the BSE midcap index trading 1.54% higher and the BSE smallcap index remained up by 2.15%.

During the last week closed on May 21, both Nifty and the Sensex shed over 3% each.

The Sensex fell 548.99 points to 16,445.61 during the week, whilst Nifty marked its closure after shedding 162.35 points to 4931.15 in the same period.

Realty accompanied by Metal, Auto, Bankex, IT and Teck saw heavy selling action.

The Capital goods index remained up by 1.20% during the week.