Indian equities kicked off the week on a strong note, with bulls charging through Dalal Street as an Iran-US peace framework, sliding oil prices and other factors lifted the Sensex and Nifty nearly 1% each on Monday, mirroring gains across global markets. Sensex surged over 736 points to close at 76,264, while Nifty jumped over 231 points to end the session near 23,854 after briefly crossing 24,000 during the session. The sharp gains added more than Rs 8 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to cross Rs 470 lakh crore.
Here's how analysts read the market pulse