Market soars to four-year high in terms of daily gains

Among the sectors, Nifty IT emerged as the top performer, surging 6.7 percent

- STATESMAN NEWS SERVICE

Market indices staged a record rally on Monday, clocking their best day ever in absolute terms as well as their biggest gain since February 2021 in percentage terms.

Sensex and Nifty 50 gained nearly 4 per cent each as a host of positive news, from India-Pakistan ceasefire to US-China trade deal, lifted investor sentiment.

At close, Sensex was up 2,975.43 points or 3.74 per cent at 82,429.90, and the Nifty 50 was up 916.70 points or 3.82 per cent at 24,924.70.

Sensex hit the day's high of 82,495.97, putting it 4 per cent away from its all-time peak of 85,978 while Nifty 50, after hitting the day's peak of 24,944.80, settled the session at 24,924.70, up 916.70 points or 3.82 per cent.