Sensex up 544 pts, Nifty above 24,700 amid broad based buying

The Indian share market traded positive on Monday, led by broad-based buying across sectors, except media stocks.At close, the Sensex was up 544.39 points or 0.70 percent at 78,639.03, and the Nifty was up 390.70 points or 1.60 percent at 24,774.30.
InterGlobe Aviation, TCS, Infosys, Shriram Finance, and Grasim Industries were the top gainers on the Nifty, while losers included aSun Pharma, Apollo Hospitals, Maruti Suzuki, ONGC, and Tech Mahindra.On the sectoral front,the Nifty IT, the Nifty FMCG, and the Nifty PSU Bank led gains, while the Nifty Media declined the most.The broader market also remained firm, with the Nifty Midcap 100 and Smallcap 100 index gaining 1.2% each.
Rupee Close:
On  03 Aug'26,the Indian rupee strengthened against the US currency for the sixth consecutive session on Monday, closing higher by 12 paise at 95.31 (provisional) following a sharp drop in global crude oil prices and a softer greenback after US President Donald Trump decided to hold off strikes against Iran, according to agency reports.FII inflows and gains in domestic stock markets provided further support to the local unit, forex traders said.
Trading Guide:
Market experts recommended five shares to buy on Monday: New India Assurance Company, GAIL, Jio Financial Services, Ramkrishna Forgings, and Cholamandalam Investment and Fin.

(Business Correspondent)