Benchmark indices Sensex and Nifty pared some of the early gains but continued to trade in green on Monday following news that India has become the fourth largest economy in the world.
Moreover, early arrival of monsoon, the Reserve Bank announcing a record Rs 2.69 lakh crore dividend to the government for FY25 and US President Donald Trump delaying 50 per cent EU tariffs to July 9 also added to the optimism of the market, experts said.
At 10:30 hours, the 30-share benchmark index was trading at 82,053.78 up by 332.70 points or 0.37 per cent, while the NSE Nifty were trading at 24,914.45 up by 66.30 or 0.25 per cent.
In the broader market, the S&P BSE Mid-Cap index advanced 0.63% and the S&P BSE Small-Cap index jumped 0.79%.
The market breadth was strong. On the BSE, 2,211 shares rose and 779 shares fell. A total of 178 shares were unchanged.
Foreign portfolio investors (FPIs) bought shares worth 1,794.59 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 299.78 crore in the Indian equity market on 23 May 2025, provisional data showed.