Sensex rises 420 points to close at 36,472; Nifty settles above 10,700

Equity indices finished higher on Thursday with the benchmark BSE sensex rising over 400 points led by gains in IT and banking stocks. The 30-share BSE index surged 420 points or 1.16 per cent to close at 36,472; while, the broader NSE Nifty settled 110 points or 1.04 per cent higher at 10,728.