Indian equity benchmark rose for a third consecutive session on Monday on buying in IT, banking, and FMCG stocks triggered by gains in global equities following easing inflation concerns.

The BSE Sensex rallied 433.30 points or 0.82% to settle at 53,161.28. During the day, it jumped 781.52 points or 1.48% to 53,509.50. The NSE Nifty also surged 132.80 points or 0.85% to close above the 15,800 level at 15,832.05.

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The broader indices ended in green with the BSE Mid cap index rising 0.87%, while the Small cap index was up by 1.57%. On the sectoral front, Capital Goods was up by 2.26%, IT up by 2.02%, TECK up by 1.84%, Metal up by 1.81%, and Basic Materials up by 1.65%, while there were no losing sectoral indices on the BSE.

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Major gainers from the Sensex pack, Larsen & Toubro up by 2.69%, HCL Technologies up by 2.61%, Infosys up by 2.25%, Tech Mahindra up by 2.67%, IndusInd Bank up by 2.27%, Asian Paints up by 2.19%, Bharti Airtel up by 2.00% and Tata Steel up by 1.75%.

Among the laggards were Kotak Mahindra down by 0.41%, Reliance down by 0.35%, and Titan Company down by 0.07%.

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The rupee fell 1 paisa to close at its fresh lifetime low of 78.34 against the US dollar.

In Asian markets, Seoul, Shanghai, and Hong Kong ended in the green amid sharp gains in US markets on Friday.

European stock markets were also trading in the green in mid-session deals.

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On June 24, the Sensex had climbed 462.26 points or 0.88% to settle at 52,727.98 on Friday. The Nifty surged 142.60 points or 0.92% to end at 15,699.25.

Brent crude, the international oil benchmark slipped 0.13% to $112.93 per barrel.

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According to stock exchange data, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,353.77 crore.