Indian stocks closed Monday's trading session on a positive note, following encouraging signals from worldwide markets and hopeful anticipation surrounding the forthcoming interim budget, which will be presented in the Lok Sabha on February 1.
Investor sentiment was boosted by China's recent steps to stabilize its stock market and real estate sector. Globally, the dollar maintained its value in the hopes of upcoming interest rate cuts by the Federal Reserve.
India's major S&P BSE Sensex index experienced significant growth, jumping 1,240.90 points or 1.76 percent to close at 71,941.57. Meanwhile, the broader NSE Nifty index increased by 385 points or 1.8 percent, ending at 21,737.60.
ONGC shares grew by almost 9 percent as oil prices spiked due to escalating tensions in the Middle East. This followed a drone attack on U.S. forces in Jordan, purportedly carried out by Iranian-backed militants, as disclosed by U.S. President Joe Biden.
Shares in Adani Ports, Adani Enterprises, Coal India, and Reliance Industries saw substantial gains, rising 4-7 percent. However, shares in LTI-Mindtree, Infosys, ITC, and Cipla dropped slightly, falling 1-2 percent.
