Mahindra & Mahindra, NTPC, Reliance Industries, Maruti Suzuki India, Bharti Airtel, Kotak Mahindra Bank, Power Grid and UltraTech Cement were the major gainers.
Mahindra & Mahindra, NTPC, Reliance Industries, Maruti Suzuki India, Bharti Airtel, Kotak Mahindra Bank, Power Grid and UltraTech Cement were the major gainers.
Equity benchmark Sensex extended its winning run for the fourth day running on Monday and reclaimed the 58,000 level, the firm tracking global trends and fresh foreign fund inflows.
Buying in major index Reliance Industries gained momentum.
The 30-share benchmark of BSE closed at 58,115.50, up 545.25 points, or 0.95%. It jumped 600.42 points, or 1%, to 58,170.67 during the day.
The broader NSE Nifty rose 181.80 points, or 1.06%, to 17,340.05.
Among the Sensex constituents, Mahindra & Mahindra, NTPC, Reliance Industries, Maruti Suzuki India, Bharti Airtel, Kotak Mahindra Bank, Power Grid and UltraTech Cement were the major gainers.
However, Sun Pharma, Hindustan Unilever, IndusInd Bank and Nestle were among the laggards.
In Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong ended higher.
European stock markets were trading in the green during mid-session deals. On Friday, the US markets closed sharply.
Meanwhile, international oil benchmark Brent crude fell 1.35% to $102.6 per barrel.
Foreign institutional investors remained net buyers in the capital market as they bought shares worth Rs 1,046.32 crore on Friday, according to exchange data.
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The big positive for the Indian market is FPIs turning buyers in July after nine months of continuous selling.”
Foreign investors became net buyers and invested around ₹5,000 crore in Indian equities in July.