Stock market today: BSE Sensex, Nifty50 see record closing highs and bulls charge in

Stock market today: The Indian stock market indices, BSE Sensex and Nifty50, reached new record closing highs on Monday, supported by robust foreign fund inflows and a generally positive trend in Asian markets. The 30-share BSE Sensex surged 384.30 points, or 0.45 per cent, to close at an all-time high of 84,928.61. Intraday, it jumped 436.22 points, or 0.51 per cent, to hit a new lifetime peak of 84,980.53.
Similarly, the NSE Nifty gained 148.10 points, or 0.57 per cent, to end at a record high of 25,939.05.During the session, it advanced 165.05 points, or 0.63 per cent, to reach a new intra-day all-time high of 25,956.
Among the 30 Sensex companies, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the top performers. On the other hand, ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the underperformers.
According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 14,064.05 crore on Friday. "The charging bull got a shot of steroids from the Fed when it cut interest rates by 50 bps on September 18th. More than the rate cut, it was the Fed chief's optimistic commentary that lifted the markets sharply," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
In Asian markets, Seoul and Shanghai closed higher, while Hong Kong ended lower. Markets in Japan were closed on Monday for a holiday. European markets were trading mixed, and the US markets closed mixed on Friday. Brent crude, the global oil benchmark, edged up 0.09 per cent to USD 74.55 a barrel.
On Friday, the BSE benchmark surged 1,359.51 points, or 1.63 per cent, to settle at an all-time high of 84,544.31. Intraday, it soared 1,509.66 points, or 1.81 per cent, to hit the momentous peak of 84,694.46. The NSE Nifty also jumped 375.15 points, or 1.48 per cent, to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points, or 1.70 per cent, to reach an all-time intra-day peak of 25,849.25.