Sensex gains 545 points, Nifty trades at 17,340

As monthly data revealed a significant increase in July sales, Indian equity benchmarks on Monday extended their winning streak to a fourth straight session, driven by advances in the automotive sector.

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As monthly data revealed a significant increase in July sales, Indian equity benchmarks on Monday extended their winning streak to a fourth straight session, driven by advances in the automotive sector. Other energy firms and index heavyweight Reliance Industries also contributed to the rising trend.

The broader NSE Nifty rose 182 points or 1.06 percent to close at 17,340, while the 30-share BSE Sensex rose 545 points or 0.95 percent to conclude at 58,116.

The Nifty Midcap 100 and small-cap both increased 1.80% as mid- and small-cap equities closed off the day strongly.

The National Stock Exchange’s 15 sector gauges, which it compiled, finished in the green in 14 of them. The NSE platform was outperformed by the sub-indices Nifty Auto and Nifty Oil & Gas, which increased by as high as 3.27 and 2.12 percent, respectively.

Tata Motors was the highest Nifty gainer on a stock-by-stock basis, as the stock rocketed 6.77 percent to ₹ 480.05. ONGC, M&M, Adani Ports, Bharti Airtel, and others all benefited.

2,299 shares on the BSE climbed while 1,161 fell, resulting in a positive total market breadth.

The 30-share BSE index saw gains of up to 6.15 percent in the shares of M&M, PowerGrid, NTPC, Airtel, Reliance Industries, Maruti, Kotak Mahindra Bank, UltraTech Cement, Wipro, ITC, SBI, and Axis Bank, making them among the top gainers.

Additionally, shares of Life Insurance Corporation of India (LIC), the largest domestic financial investor and insurer in the nation, increased 0.80% to close at INR ₹ 683.25.

Sun Pharma, Hindustan Unilever, IndusInd Bank, Nestle India, Asian Paints, and TCS, on the other hand, all reported negative financial results.