Confidence returned to the market after two days of decline, Sensex jumped 677 points, Nifty crossed 24900

The domestic market remained firm during value buying in information technology and oil stocks, and a dip in Brent crude oil rates. BSE and Nifty rallied nearly 1% on Monday after global equities gained.

The domestic market in India saw greenery in Monday's first trading day for the week. The 30-share BSE Sensex rose 677.55 points or 0.84% to 81,796.15. It rose 747.22 points or 0.92% during trading to 81,865.82 points. Nifty finished at 24,946.50, a rise of 227.90 points or 0.92%.

Among the Sensex companies, UltraTech Cement, Tech Mahindra, HCL Tech, Tata Consultancy Services, Eternal, Asian Paints, Tata Steel and Kotak Mahindra Bank were the biggest gainers. At the same time, Tata Motors, Adani Ports and Sun Pharma lagged behind. Tata Motors' stock fell 3.76%. It fell 26.75 points to Rs 685.30. Sundar Kewat, technical and derivative analyst at Ashika Institutional Equity, said that global uncertainty remains due to increasing tensions in West Asia. Despite this, the Indian market remained resilient.

In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng closed in the positive zone. European markets were trading in the green. US markets closed with a decline on Friday.

Wholesale price inflation (WPI) declined to 0.39% in May due to reduction in prices of food items and fuel. It reached a 14-month low.

Global oil benchmark Brent crude fell 0.81% to $ 73.63 per barrel. According to exchange data, foreign institutional investors (FIIs) sold equities worth Rs 1,263.52 crore on Friday.

The BSE benchmark has fallen 1,396.54 points or 1.69% in the last two days, and the Nifty has fallen 422.8 points or 1.68%. On Friday, the 30-share BSE Sensex closed 573.38 points, or 0.70 per cent, lower at 81,118.60. The Nifty fell 169.60 points, or 0.68 per cent, to close at 24,718.60.