Other major drivers of the market rally include rising bank shares, the Sensex rising 1,000 points, and the Nifty wiping out all 2025 losses.

Monday saw an almost Rs 4 lakh crore increase in investor wealth as the key indices, the Sensex and Nifty, rose for the sixth consecutive day. Monday saw the Sensex and Nifty, two equity benchmark indices, rise more than 1 percent for the sixth consecutive session due to strong purchasing in banking companies and better foreign capital inflows.

The Nifty was up 297.45 points, or 1.27 percent, at 23,647.85 at 12.30 pm, while the Sensex was up 1,011.29 points, or 1.31 percent, at 77,916.80. With 2,579 shares rising, 904 shares falling, and 147 shares remaining unchanged, the market breadth was positive.