By The Sensex closed 544 points, or 0.7 per cent, higher at 78,639 on Monday, and the Nifty rose 391 points, or 1.6 per cent, to end at 24,774.
Both indices extended their gains to a fourth consecutive session, hitting their highest levels in five months.
The rally was fuelled by a sharp fall in crude oil prices, renewed foreign institutional investor inflows, and a firmer rupee, as West Asia tensions eased.
Information technology stocks were the top performers, with the sector index climbing more than 3 per cent.
The Nifty Midcap 100 index gained 1.21 per cent and the Nifty Smallcap 100 index rose 1.29 per cent in broader market trade.
Investors are now awaiting the Reserve Bank of India’s upcoming monetary policy meeting for further direction.
Renewed foreign institutional investor inflows and easing geopolitical tensions in West Asia were cited as key drivers behind the day’s gains, alongside a steep fall in crude oil prices.
Monday’s close marked the fourth consecutive session of gains for both benchmark indices, a winning streak that has helped lift Indian equities to their strongest levels since roughly March 2026.
The rupee’s strength against the US dollar was cited alongside falling crude prices as a factor supporting investor sentiment, given India’s heavy reliance on imported oil.
Trading volumes on both the BSE and NSE were reported to be above recent averages during Monday’s session, reflecting the heightened investor activity that accompanied the rally.
The rally was broad-based, with the Nifty Midcap 100 index up 1.21 per cent and the Nifty Smallcap 100 index gaining 1.29 per cent over the session.
Information technology stocks led the gains, with the sector index rising more than 3 per cent as easing crude prices and a steadier rupee lifted sentiment across export-facing companies.
Investors remained focused on the upcoming Reserve Bank of India monetary policy meeting, which could influence the near-term direction of both equity and bond markets.
Photo by Kumar Appaiah, Wikimedia Commons, CC BY-SA 3.0
