The Indian stock market recorded sharp gains on Monday, with Sensex and Nifty extending their rise for the fourth consecutive session as heavy rainfall revived monsoon hopes, FIIs turned net buyers and other factors further boosted investor sentiment.
Sensex jumped over 521 points to close at around 78,285 while Nifty 50 gained nearly 160 points to end the session at 24,430. The sharp gains added more than Rs 2 lakh crore to the total market capitalisation of all companies listed on the NSE, pulling it up to Rs 482 lakh crore.