The benchmark BSE sensex index closed 380.21 points higher at its all-time closing high of 47,353.75 on Monday. The index also climbed to its new record intraday peak of 47,406.72.
In Thursday’s previous trade, the 30-share index was up 529.36 points, or 1.14 percent, to close at 46,973.54. Equity markets were closed on Friday for Christmas.
In four consecutive business days of gains, the benchmark is up 1,799.79 points, or 3.95 percent.
Following the optimism, the market capitalization of companies listed on the EEB has gained Rs 8,22,841.6 crore to Rs 1,87,02,164.65 crore in the four trading sessions.
“Markets started the week on an optimistic note and posted decent gains led by positive global signals. Optimism on the news that the US President signed the stimulus package prompted healthy buying in equity markets. In addition, participants also took note of the start of the vaccination campaign in various parts of the world, “said Ajit Mishra, vice president (research) at Religare Broking Ltd.
US President Donald Trump has signed into law a massive $ 2.3 trillion spending bill that includes a $ 900 billion coronavirus aid package, avoiding a government shutdown and extending aid. by coronavirus to millions of people who suffer the economic impact of the pandemic.
Sumeet Bagadia, CEO of Choice Broking, said the Indian stock market started the week on a positive note amid positive global signals. Sentiments were also upbeat after the UK and the EU agreed on the landmark Brexit trade deal, Bagadia added.
In Monday’s trade, from the sensex chart, Titan, SBI, L&T, Ultratech Cement, IndusInd Bank and Asian Paints were the biggest winners, climbing as much as 3.15%.
Among the BSE sectoral indices, real estate rose 2.65 percent, metals (2.25 percent), consumer durables (2.19 percent), industrials (1.76 percent) ) and banks (1.5 percent).
In the broader market, small and mid-cap indices rose as much as 1.49 percent.
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