Indices end in green for fourth session in a row; Sensex gains 545 points

On Monday, the FPIs bought shares worth Rs 2,320 crore, according to provisional figures from exchanges

The benchmark indices gained for the fourth consecutive session on Monday amidst buying interest in heavyweights and hopes that the pace of monetary tightening may slow down. The benchmark Sensex gained 545 points, or 0.95 per cent to close at 58,115, highest close since April 13. The Nifty rose 182 points, or 1.06 per cent, to finish at 17,340,  highest lelvel since April 21. From the June lows, both indices have now bounced more than 13 per cent.
 

The recent gains have been fuelled by a revival in foreign portfolio investor (FPI) flows, easing commodity prices, attractive valuations, and hopes that