The Indian stock market traded sharply higher on Monday, with Nifty rallying 1.6% and Sensex rising 0.7%, as US President Donald Trump said talks with Iran would take place today, triggering a sharp fall in oil prices and boosting investor sentiment on Dalal Street.
Sensex rose over 544 points to close above 78,639, while Nifty 50 rose around 391 points to end the session at 24,774. The sharp gains added nearly Rs 5 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to Rs 491 lakh crore.