The Indian benchmark indices closed in green on Monday with a strong start for the week, as buying was seen in realty, banking, and IT stocks.
The BSE Sensex closed at 81,973.05, rising 591.69 points or 0.73 per cent.
NSE Nifty closed at 25,127.95 after rising 163.70 points or 0.66 per cent.
The Nifty Midcap 100 index closed in the green mark at 59,465.45 after rising 252.75 points or 0.43 per cent. The Nifty Smallcap 100 index closed at 26,197.90 after rising 143.80 points or 0.55 per cent.
Buying was seen in Nifty's realty, IT, financial services, private banks, auto, PSU banks, pharma, and FMCG sectors. At the same time, there was pressure on the media, metal, and oil and gas sectors.
The market trend remained positive.
On the BSE, 1,952 shares were trading in green and 1,919 shares in red. About 140 shares closed without any change.
Wipro, Tech Mahindra, HDFC Life, L&T, and HDFC Bank were among the top gainers of Nifty. ONGC, Maruti Suzuki, Tata Steel, and Bajaj Finance were the top losers.
Foreign Institutional Investors (FIIs) increased their selling on October 11 and sold equities worth Rs 4,162.66 crore. On the other hand, domestic institutional investors (DIIs) also increased their buying and they bought equities worth Rs 3,730.87 crore on the same day.
According to market experts, optimism around potential RBI rate cuts, driven by strong domestic tax collections, further boosted sentiment. Investors are closely monitoring upcoming earnings reports from major companies, including Infosys, and the highly-anticipated Hyundai Motor India IPO.
"Globally, the focus remains on the third-quarter earnings season and the upcoming European Central Bank rate decision, with US stock futures and European shares edging higher," said Vikram Kasat from Prabhudas Lilladher.
Trade analysts said that on the daily charts, "we can observe that the Nifty has resumed its up-move towards 25,500 after a brief three-day consolidation".
Budget Session: Second leg to see fireworks over delimitation row, Trump's tariffs; Waqf Bill on govt's agenda
The second leg of the Budget session of Parliament is set to resume on Monday and is expected to be a stormy one with both the Opposition and Government ready to outdo each other on multiple issues.
PM Modi visits Vice President Dhankhar in AIIMS, wishes him speedy recovery
Prime Minister Narendra Modi on Sunday visited the AIIMS Delhi to enquire about the health of Vice President Jagdeep Dhankhar and prayed for his speedy recovery.
India, EU to hold next round of trade talks on March 10
India and the European Union are scheduled to begin the next round of talks for a proposed free trade agreement (FTA) from Monday in Brussels with the aim of concluding the talks by the end of this year, a senior official said.
Nari Shakti is foundation of Viksit Bharat: CM Manik Saha
Tripura Chief Minister Prof. Dr. Manik Saha today said that women are crucial for making Ek Tripura Srestha Tripura and Nari Shakti of the 21st century is the foundation of Viksit Bharat.
BJP accuses CPI(M) of attempting to disrupt mega public gathering by making lies
Addressing the media on Saturday, Chakraborty claimed that the CPI(M) had a history of suppressing dissent during its rule, alleging that people who refused to participate in their rallies were deprived of employment opportunities under schemes like MNREGA.
STGT aspirants holds protest near CM’s resident, demands recruitment
A large group of unemployed youth who had successfully passed the 2022 Selection Test for Graduate Teachers (STGT) exam took to the streets today, demanding immediate recruitment.
Unemployment rate gradually lowering down in Tripura: CM Dr Manik Saha
The Tripura government on Saturday celebrated the second anniversary of the BJP-led government’s second tenure in the state. Chief Minister Dr Manik Saha attended the programme and underlined the achievements of the government.