The benchmark indices closed in positive territory on Monday, thus snapping a two-day losing streak. The S&P BSE Sensex ended at 62,724.71, up 99 points, or 0.16 per cent while the NSE's Nifty ended at 18,601.50, up 38 points, or 0.21 per cent.

Broader Market 

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On the NSE, Midcap 100 and Smallcap 100 closed higher. The Nifty Midcap 100 settled 0.55 per cent higher at 34,255.2, and the Nifty Smallcap 100 closed at 10,533.7, up 0.87 per cent. On the sectoral front, the Nifty IT closed 1.51 per cent higher with 9 out of 10 stocks settling in green. Nifty Media also closed 1.13 per cent higher. Nifty Realty also ended over 1 per cent higher. 

"Among sectors, capital goods were down by 0.5  per cent, while information technology, metals, oil and gas, and real estate gained 0.5 to 1 per cent. Top gainers on Nifty were BPCL, HCL Technologies, Infosys, NTPC, and Adani Enterprises, while losers were Power Grid Corporation, Larsen & Toubro, Cipla, Maruti Suzuki, and Titan Company," said Rajesh Sinha, Sr. Research Analyst, Bonanza Portfolio.

Buzzing stocks 

Power Finance Corporation shares surged for the 11th consecutive session to hit a record high. REC also ended higher, hitting a 52-week high of Rs 155.1 apiece. In Monday's session, buying was seen in IT stocks; TCS, Infosys, and HCL Tech were up 2 to 3 per cent. IEX shares also rose to snap the two-day losing streak and settled at Rs 123.8 apiece, up nearly 1 per cent. Max India shares also hit a 52-week high at Rs 121 apiece, up over 15 per cent at closing. Divi’s Laboratories and Laurus Labs recovered from lows to close higher despite weak export data.

Conversely, GHCL Textiles listed at Rs 72 a share and closed 5 per cent lower on NSE at Rs 68.4 apiece. Insurance companies reacted to May business updates; most stocks ended higher. CONCOR shares fell nearly 2 per cent as reports suggested a delay in privatisation.

Global Market 

In Asian markets, Tokyo and Hong Kong ended in the green, while Seoul and Shanghai settled lower. Equity markets in Europe were trading in positive territory. The US markets ended in positive territory on Friday. Global oil benchmark Brent crude declined 2.54 per cent to USD 72.91 a barrel. Foreign institutional investors (FIIs) offloaded equities worth Rs 308.97 crore on Friday, according to exchange data.