Mumbai: The Indian stock market continued its strong momentum on Monday as benchmark indices Sensex and Nifty extended their winning streak for a fourth consecutive session. Buoyed by robust buying in blue-chip stocks like Reliance Industries and steady foreign fund inflows, the market maintained a positive trajectory amid a global equity uptrend.

The BSE Sensex today surged 411.18 points (0.49%) to close at 84,363.37, after touching an intraday high of 84,656.56, while the NSE Nifty 50 live index advanced 133.30 points (0.52%) to 25,843.15. Investors remained optimistic ahead of the Diwali Muhurat trading 2025, driving a broad-based stock market rally.

Reliance Industries' share price jumped 3.52%, leading the day’s gains after the conglomerate reported a strong 9.6% year-on-year growth in the September-quarter net profit, fueled by robust performance in retail, telecom (Jio), and oil-to-chemicals businesses. Other top gainers on the Sensex and Nifty today included Bajaj Finserv, Axis Bank, SBI, TCS, Titan, and Bharti Airtel.

However, profit-booking was seen in ICICI Bank, Mahindra & Mahindra, Adani Ports, Eternal, and Power Grid, which ended marginally lower.

The broader market also mirrored the upbeat sentiment, with the BSE Midcap index rising 0.7% and the SmallCap index gaining 0.6%. Sectorally, PSU banks rallied 3%, while oil & gas and telecom climbed 1% each. Realty, pharma, and IT sectors posted moderate gains.

Ponmudi R, CEO of Enrich Money, said: “The Indian equity market carried the festive rally forward ahead of the Muhurat trading session, supported by heavyweight buying in Reliance and leading banks.”

According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 308.98 crore, while Domestic Institutional Investors (DIIs) infused Rs 1,526.61 crore into the market on Friday, reinforcing foreign investors’ buying support.

Global cues also remained supportive. Major Asian markets, including Japan’s Nikkei, South Korea’s Kospi, Shanghai’s SSE, and Hong Kong’s Hang Seng, closed in the green, while European markets and U.S. indices ended the previous session higher, extending the global market rally.

Meanwhile, Brent crude oil prices edged lower by 0.29% to USD 61.11 per barrel, and the Indian rupee strengthened slightly, closing at 87.93 per dollar versus Friday’s 87.97.

The BSE and NSE will conduct a special one-hour Muhurat trading session on Tuesday (October 21), between 1:45 PM and 2:45 PM, marking the auspicious start of Samvat 2082. Regular trading will remain closed for the Diwali holiday.

With inputs from PTI