Stock market today: Indian equity benchmarks edged higher on Monday, closing at their highest levels in more than eight months, as markets showed signs of consolidation following last week's rally, which was driven by easing crude oil prices and optimism over foreign inflows.
Brent crude futures fell 1% to around $97 per barrel after US President Donald Trump said he was highly unlikely to order fresh strikes on Iran as negotiations to end the conflict continue.
The Nifty 50 gained 0.23% to close at 25,044.65, while the Sensex rose 0.13% to 81,106.65. Both indices settled at their highest levels since 27 February 2026.
Indian stock markets will remain closed on Tuesday for Diwali and resume trading on Wednesday.
Chandan Taparia, Head of Derivatives & Technicals, Wealth Management at Motilal Oswal Financial Services, has recommended buying shares of Union Bank of India, Ather Energy and Laurus Labs. He has set a target price of ₹208 for Union Bank of India, with a stop loss of ₹191. For Ather Energy, the analyst has recommended a target of ₹1,970 and a stop loss of ₹1,800, while Laurus Labs has a target price of ₹2,600 and a stop loss of ₹2,380.