The Sensex closed 544 points, or 0.7 per cent, higher at 78,639 on Monday, while the Nifty jumped 391 points, or 1.6 per cent, to end at 24,774.
Both benchmark indices rose for a fourth straight session, closing at their highest levels in five months.
The gains were driven by a steep fall in crude oil prices, renewed foreign institutional investor inflows, and strength in the rupee, as geopolitical tensions in West Asia eased.
Information technology stocks led the rally, with the sector’s index rising more than 3 per cent during the session.
In the broader market, the Nifty Midcap 100 index gained 1.21 per cent and the Nifty Smallcap 100 index rose 1.29 per cent.
Investors are now watching the upcoming Reserve Bank of India monetary policy meeting for further cues on market direction.
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.
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.
Photo by Kumar Appaiah, Wikimedia Commons, CC BY-SA 3.0
