Mumbai, Nov. 2 -- Indian equity markets ended sharply higher on Monday, with the Sensex and Nifty gaining over 1.6 per cent, supported by better-than-expected second-quarter earnings, improving domestic economic indicators and foreign investors turning buyers amid a global rotation in artificial intelligence-related stocks.

The Nifty 50 index closed at 23,440.80, gaining 387.70 points or 1.68 per cent, while the BSE Sensex settled at 75,692.78, rising 1,233.25 points or 1.66 per cent.

Vinod Nair, Head of Research at Geojit Investments, said Indian equities started the week on a strong note, supported by better-than-estimated Q2 earnings and improving domestic economic conditions.

"Domestic macro indicators provided an additional boost ...