“BSE Sensex and Nifty50 surge in Monday trade, Sensex above 80,300 and Nifty50 crosses 24,350 intraday”

The Indian stock market witnessed a strong rally today as the BSE Sensex and Nifty50 surged in trade. The BSE Sensex soared above the 80,300 mark, while the Nifty50 crossed 24,350 intraday. This surge in the benchmark indices was fueled by positive global cues and strong buying support from domestic institutional investors. The markets were also buoyed by optimism surrounding the economic recovery and corporate earnings. Banking, IT, and FMCG sectors led the gains, with heavyweight stocks like HDFC Bank, Infosys, and Hindustan Unilever driving the rally. The overall sentiment in the market was bullish, with investors shrugging off concerns about inflation and focusing on the positive momentum. Analysts expect the markets to remain volatile in the near term, with the focus shifting to the upcoming earnings season and global developments. Despite the volatility, market participants remain optimistic about the long-term prospects of the Indian stock market. Overall, today’s rally reflects the resilience and strength of the Indian equity market, with investors showing confidence in the economic recovery and growth prospects.

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