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Sensex gains 600 points, Nifty settles above 25,880 mark

Business

On Monday, the Indian stock market started Diwali week on a strong note—Sensex shot up by 603 points to 84,553, and Nifty climbed 170 points to 25,881 by mid-morning.
Banking, IT, and FMCG stocks were buzzing, even though media, metal, and realty shares lagged behind.

Factors behind the market's upward trend

A mix of upbeat global signals (especially from the US), solid earnings from big names like Reliance (up 14.3% profit) and HDFC Bank (up 10%), and steady buying by both foreign and domestic investors gave markets a boost.
Plus, lower crude oil prices and a stronger rupee (now at 87.88 against the dollar) added to the positive vibes, making this Diwali Monday a bright one for investors.