The Sensex jumped 499 points, and the Nifty closed above 23,750 on Monday, breaking a five-session losing streak. The rally was driven by strong gains in heavyweight financial and metal stocks, bolstered by a positive trend among regional markets after subdued US inflation data. Vinod Nair, Head of Research at Geojit Financial Services, noted that the Indian market displayed renewed optimism after the recent sell-off. He attributed this to the lower-than-expected US personal consumption expenditures (PCE) data, which lifted investor confidence in interest rate-sensitive sectors.
