Indian stock indices rose substantially on Monday, defying a sharp downturn in the overnight US markets, possibly due to inherent strength in domestic market fundamentals.
Continued buying by foreign portfolio investors (FPIs) also somewhat cushioned the stock indices from a steep fall in the cent.
US market. Strong buy- up 84.25 points or 0.34 per ing in banking, FMCG, and private banks, also supported the domestic stocks.
Sensex closed at 81,559.54 points, up 375.61 points or 0.46 per cent, and Nifty closed at 24,936.40 points, up 84.25 points or 0.34 per cent.
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