Sensex, Nifty score biggest 5-session win in over 4 yrs

The Indian equity benchmarks powered ahead on Monday, notching up their strongest five-day rally in four years.

- SUNDAR SETHURAMAN

A mix of heavyweight buying, a softer dollar, and easing crude oil prices helped bolster investor sentiment. Optimism from progress in trade talks with the US and expanded reciprocal tariff exemptions further fuelled the rally.

The Sensex rose 855 points, or 1.1 per cent, to close at 79,409, while the Nifty 50 climbed 274 points, or 1.2 per cent, to 24,126—surpassing the 24,000 mark for the first time since early January. In the past five sessions, the Sensex and the Nifty have jumped 7.5 per cent and 7.7 per cent respectively, clocking their best stretch since February 5, 2021.

A selloff in US assets, however, deepened and Wall Street indices were sharply down in early trade.