The key Indian equity indices soared on Monday with the BSE Sensex closing nearly 750 points higher.

It opened at 50,256.71 and has touched an intra-day high of 50,400.31 and a low of 49,507.46 points.

After touching a low of 49,950.75, the 30-share BSE index was trading 927.21 points or 1.82 per cent lower at 50,112.10.

The 30-share BSE index was trading 528.28 points or 1.04 per cent higher at 51,309.97.

The stock market was on a freefall on Monday as the Sensex lost over 900 points during the afternoon session, falling below the 50,000-mark.

Equity benchmark Sensex dropped over 200 points in opening trade on Monday tracking losses in index majors HDFC, ITC and L&T amid tepid cues from global markets.

Extending its losses for the fourth straight session, equity benchmark Sensex slipped below the 51,000-mark by tumbling 435 points on Friday, tracking losses in ICICI Bank, Axis Bank and SBI.

Equity benchmark Sensex dropped over 250 points in early trade on Friday tracking losses in banking and financial stocks amid negative cues from global markets.

Equity benchmarks Sensex and Nifty opened on a positive note on Thursday tracking gains in index majors Infosys, Reliance Industries and SBI, despite a weak trend in global markets.

Equity benchmark indices retreated from a recent rally on Wednesday amid mixed global cues as investors booked profit in heavyweight stocks.