Sensex gains after strong opening, Nifty over 16,300

Indian shares rose on Monday, boosted by information technology stocks, while automaker Mahindra & Mahindra led gains on the back of posting a quarterly profit last week. By 9:31 am, the blue-chip NSE Nifty 50 index climbed 0.39% to 16,300.95 and the benchmark S&P BSE Sensex rose 0.39% to 54,487.42. The Nifty…