Mkts snap 2-day losing streak, shrug off Israel-Iran conflict

Snapping their two-day losing streak, benchmark indices rose on Monday, driven by gains in banking and technology heavyweights, shrugging off the Iran-Israel conflict.

- SUNDAR SETHURAMAN

Continued buying by domestic institutional investors (DIIs) also helped underpin gains. Most global markets also ended positive, stoking concerns that traders may be undermining the implications of West Asia tensions.

The BSE Sensex closed the session at 81,796, up 678 points or 0.8 per cent, while the NSE Nifty rose to 24,947, gaining 228 points or 0.9 per cent. The total market capitalization of BSE-listed firms increased by 3.3 trillion, reaching ₹451 trillion. DIIs were net buyers of equities worth ₹5,781 crore, while foreign institutional investors (FIIs) sold shares worth ₹2,539 crore. DIIs have been net buyers for 20 consecutive sessions, purchasing shares worth ₹94,500 crore. This marks the longest buying spree since the 29-day period of continuous buying that ended on March 19.