The Sensex closed with a gain of 440 points at 38,694 and the Nifty hit 11,700 for the first time, recording an upmove of 135 points to end Monday's session at 11,691.
Debt laden full service carrier Jet Airways on Monday reported a net loss of Rs 1,323 crore for the quarter ended June, hurt by rising fuel prices and a depreciation of the rupee.
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