Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50, ended higher on Monday, extending Friday's gains despite mixed global cues.

At the closing bell, the BSE Sensex closed higher by 638 points (up 0.7%).

Meanwhile, the NSE Nifty closed 206 points higher (up 0.8%).

Trent, Infosys, and Bharti Airtel are among the top gainers today.

SBI, Kotak Mahindra, and Larsen on the hand, were among the top losers today.

The GIFT Nifty was trading at  26,030, higher by 157 points at the time of writing.

The BSE MidCap index ended 0.8% higher, and the BSE SmallCap index ended 1.1% higher.

Barring the consumer durable sector, all other sectoral indices are trading positively today, with stocks in the IT sector and the metal sector witnessing buying.

The rupee is trading at Rs 89.9 against the US$.

Gold prices for the latest contract on MCX are trading 1.2% higher at Rs 136,124 per gram.

Meanwhile, silver prices were trading 2.4% higher at Rs 213,635 per 1 kg.

3 reasons why Indian share markets are rising:

#1 Rupee's Rebound Below The 90 Level

The Indian rupee gained 22 paise to 89.45 against the US dollar on Monday, helped by foreign fund inflows and RBI's dollar sales. Earlier, it had fallen past 91 due to heavy capital outflows, but its recent recovery has lifted market sentiment.

#2 FII Buying

Foreign investors have been buying Indian stocks for the past three days. On Friday, 19 December they invested Rs 18.31 billion, bringing their total investment over three days to around Rs 36 billion.

#3 Positive Global Cues

Global markets, including the US, Japan, and Korea, rose on hopes of US rate hikes, an end to the Russia-Ukraine war, and a weaker dollar. This positive trend boosted sentiment in India's markets as well.
 

Time Technoplast Advances Hydrogen Drone Technology

In the news from materials sector, shares of Time Technoplast came into focus after the company successfully conducted flight trials of an in-house hydrogen-powered drone.

The hydrogen-powered drone has successfully cleared its initial performance and validation trials, meeting targets for endurance, payload, and operations, the company said in a filing.

This marks the first successful integration in India of indigenously developed hydrogen composite cylinders with fuel-cell-powered drones, paving the way for commercial use across civilian, industrial, and defence applications.

The milestone follows the company's PESO approval for Type-III hydrogen composite cylinders and its partnership with Drone Stark Technologies in August 2025. The project was completed within the planned timeline, underscoring its ability to convert clean-energy innovation into deployable solutions.
 

BPO Expansion Strengthens Market Position

Moving on to the news from IT sector, shares of One Point One Solutions rose sharply on Monday after the company announced a major acquisition update. Its wholly owned subsidiary has signed an agreement to acquire 100% stake in Netcom Business Contact Centre, based in Costa Rica, along with its Colombia subsidiary.

Netcom operates in the ITES and BPO space, offering contact centre services with a strong focus on digital signature solutions for regulated industries. This acquisition gives One Point One Solutions an immediate entry and scale in the fast-growing Latin American BPO market.

The company said the deal brings in a profitable, asset-light business with expertise in omnichannel customer support. A large part of the acquisition cost is linked to future performance, which helps limit risks while benefiting from growth.

Overall, the deal is expected to strengthen the company's financial position and operational capabilities.

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