After falling sharply over the past five trading sessions, stock markets closed higher on Monday in volatile trading. The BSE Sensex gained 302 points, while the NSE Nifty rose 107 points.

After a five-day decline, the stock market rebounded; Sensex jumped 302 points, and Nifty closed in the green.

Share Market Closing Today: After falling sharply over the past five trading sessions, the stock market closed higher on Monday amid volatile trading. The BSE Sensex gained 302 points, while the NSE Nifty rose 107 points.

Traders said renewed hopes over an India-US trade deal and buying in energy, banking, and metal stocks at lower levels supported the market. However, geopolitical tensions and continued selling by foreign investors limited the upside. 

BSE Sensex and NSE Nifty 50 closed in the green.

The 30-share BSE Sensex closed 301.93 points, or 0.36 percent, higher at 83,878.17 after swinging heavily. It had fallen as much as 715.17 points to 82,861.07 in morning trade.

But it later recovered and managed to gain ground. Meanwhile, the NSE's 50-share Nifty closed at 25,790.25, up 106.95 points, or 0.42 percent. It had fallen 209.9 points in early trading to 25,473.40. 

Top losers and gainers

Among the Sensex pack, Tata Steel, Asian Paints, Trent, State Bank of India, Hindustan Unilever, UltraTech Cement, ICICI Bank, and Bharti Airtel were among the major gainers. In contrast, Infosys, Bajaj Finance, Bharat Electronics, Larsen & Toubro, and HDFC Bank closed with losses. Thus, the local stock market managed to recover from a five-day losing streak.

In the past five trading sessions, the Sensex had fallen by a total of 2,185.77 points, or 2.54 percent, and the Nifty by 645.25 points, or 2.45 percent. The market continued to trade lower in the morning session on Monday. However, investor sentiment received support after the new US ambassador to India offered positive signals regarding the India-US trade agreement.

Expert opinion

Ajit Mishra, Senior Vice President (Research), Religare Broking Ltd., said, "Market sentiment was influenced by a mix of global and bilateral developments. Early trade was cautious due to ongoing geopolitical tensions, but news of progress on the India-US trade deal improved market sentiment." In the broader market, the BSE Smallcap index, which measures smaller companies, fell 0.68 percent, while the Midcap index, which measures midcap companies, declined 0.41 percent. 

US Ambassador Sergio Gor said that no country is as important to the United States as India, and that both sides are actively negotiating to finalize a trade agreement. He also invited India to join the US-led strategic alliance called "Pax Silica."