Sensex hits 84,928, Nifty closes at record 25,939

The stock market closed in the green, with benchmark indices hitting new all-time highs at the end of closing sessions on Monday.

- TBG NETWORK

The BSE Sensex surged by 384.30 points, closing at 84,928.61, while the NSE Nifty gained 148.10 points to settle at 25,939.05. Both indices ended the session driven by strong buying in sectors like auto, oil and gas, and financial services. Out of the Nifty 50 companies, 34 stocks advanced, while 16 declined. Bajaj Auto, Mahindra & Mahindra (M&M), ONGC, Hero Motocorp, and SBI Life emerged as the top gainers, contributing significantly to the market's rise. On the flip side, Eicher Motors, ICICI Bank, Divi's Labs, Wipro, and IndusInd Bank were the top losers, experiencing profit booking after recent rallies. The market's bullish momentum was largely influenced by anticipation surrounding the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting to be held October 7 to 9 and its deci