Equity benchmark Sensex rallied nearly 400 points in opening trade on Monday, led by gains in index heavyweights HDFC, Infosys and Reliance Industries amid largely positive global cues.

The 30-share BSE index was trading over 396 points or 0.98 per cent higher at 40,905.49, and the broader NSE Nifty rose 107.85 points or 0.91 per cent to 12,022.05.

SBI was the top gainer in the Sensex pack, rising around 3 per cent, followed by ITC, PowerGrid, Axis Bank, NTPC, ICICI Bank, HDFC and Kotak Bank.

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