Sensex Today: The Sensex rose by around 592 points on Monday due to increased buying of Information Technology (IT) and bank stocks amid a strong global trend. On the other hand, the Nifty also crossed the 25,000 mark with a gain. The 30-share Sensex jumped 591.69 points or 0.73% to close at 81,973.05 points. At one point during trading, it had climbed up to 690.81 points. The National Stock Exchange's Nifty also closed at 25,127.95 points with a gain of 163.70 points, or 0.66%. At one point during trading, it had climbed up to 195.5 points.

These shares saw growth.

Tech Mahindra, HDFC Bank, Larsen & Toubro, ITC, Infosys, IndusInd Bank, Kotak Mahindra Bank, Titan, and HCL Technologies were among the gainers on the Sensex. On the other hand, Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank, and Tata Consultancy Services (TCS) were among the losers. The market capital of BSE-listed companies rose by about Rs 1.35 lakh crore to Rs 4,63,62,781.71. Vinod Nair, Head of Research, at Geojit Financial Services, said, "Crude oil prices have come down and it seems that investors are already assuming the mild quarterly results of companies. With this, the Indian market is showing strength. Investors are showing interest in IT and financial sector stocks. The reason for this is the recent decline in the prices of these stocks.

What is the reason for the boom

The BSE Midcap index linked to mid-cap companies rose 0.28% while the Smallcap index linked to small companies strengthened by 0.06%. Prashant Tapse, Senior Vice President (Research), at Mehta Equities Limited, said, "The sharp fall in crude oil prices gave momentum to the market. The market remained in profit with a rise in bank, IT, and realty stocks." He said, "Since FIIs (foreign institutional investors) are withdrawing money from the market, this rise in the market is unlikely to create any strong sentiment. Another reason for this is the ongoing tension in West Asia, which has increased uncertainty among investors."

The state of other markets

In other Asian markets, Japan's Nikkei, China's Shanghai Composite, and South Korea's Kospi were in profit, while Hong Kong's Hang Seng declined. Major markets in Europe had a mixed trend in afternoon trade. US market Wall Street was in the green on Friday. Meanwhile, global oil benchmark Brent crude fell 2.52 percent to $ 77.05 per barrel. According to stock market data, foreign institutional investors sold shares worth Rs 4,162.66 crore on Friday. While domestic institutional investors bought shares worth Rs 3,730.87 crore.