The equity benchmark index Sensex rebounded nearly 100 points to close at a lifetime high on Monday, while the Nifty touched a new intra-day record, driven by gains in energy, utility, and banking stocks amid continued foreign fund inflows.
The 30-share BSE Sensex advanced 97.84 points, or 0.12 per cent, to end at a new record peak of 82,988.78. During trading, it surged 293.4 points, or 0.35 per cent, to reach an intra-day high of 83,184.34.
The NSE Nifty increased by 27.25 points, or 0.11 per cent, closing at 25,383.75. The index also hit a new intra-day high of 25,445.70, gaining 89.2 points, or 0.35 per cent, during the day.
Among the top gainers on the Sensex were NTPC, which rose by 2.44 per cent, and other notable performers included JSW Steel, Larsen & Toubro, ICICI Bank, Axis Bank, Nestle, Mahindra & Mahindra, and Tata Steel.
In contrast, Bajaj Finance saw a decline of over 3 per cent, and other laggards included Hindustan Unilever, Bajaj Finserv, Adani Port, and Asian Paints.
Asian markets saw mixed results with Hong Kong ending higher, while markets in Japan, mainland China, and South Korea were closed for holidays.
European markets were predominantly higher, and US markets closed in positive territory on Friday.
Foreign Institutional Investors (FIIs) purchased equities worth ₹2,364.82 crore on Friday, while Domestic Institutional Investors (DIIs) bought equities valued at ₹2,532.18 crore, according to exchange data.
Global oil benchmark Brent crude rose by 0.35 per cent to USD 71.90 per barrel.
V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, "Global equity markets will be focused on the Fed rate action on Wednesday, which is likely to influence stock market trends in the near term."
On Friday, the BSE Sensex had fallen by 71.77 points, or 0.09 per cent, to close at 82,890.94, while the NSE Nifty had dropped 32.40 points, or 0.13 per cent, to 25,356.50.
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