On Monday, both the NSE Nifty and BSE Sensex soared to record highs again, continuing the bullish run in the Indian stock markets,fueledprimarily by growing optimism around increased foreign investment inflows following the U.S. Federal Reserve's recent 50 basis point interest rate cut. Investors are also encouraged by the prospect of a soft landing by the U.S. economy.

In early trading, both the Sensex and Nifty crossed their previous historical highs within the first hour of the session and continued their bullish run to record another intraday high of 25,956 points before closing at 25,939.05, just shy of the psychological 26,000 mark. The index gained 148.10 points or 0.57% today.

Meanwhile, the BSE Sensex closed at 84,928.61, up 384.30 points or 0.45% from the previous close, touching a record high of 84,980.53 points on the intraday trade. 

Market breadth remained positive, with 1,768 stocks advancing, while 1,066 declined, and 73 remained unchanged. A total of 2,907 stocks were traded during the day. Gains were seen across most sectors, except for IT, which faced slight declines and fell 0.51%. The auto segment rallied 1.56% and the PSU Bank segment on Nifty while FMCG, financial services, metals and pharma surged over 0.50%.

 All broad market indices recorded gains while NIFTY Small-cap and Mid-cap shares rallied about a per cent on Monday.

Among the top gainers on the NSE were Bajaj Auto, M&M, ONGC, Hero MotoCorp, and SBI Life. Bajaj Auto surged 3.66% to close at ₹12,378.55, while M&M rose 3.26%, closing at ₹3,047. ONGC gained 3.06%, closing at ₹295, with substantial volumes of 1,46,21,229 shares traded. Hero MotoCorp closed at ₹6,190, adding2.94%, while SBI Life saw a 2.66% rise, closing at ₹1,920.

On the downside, Eicher Motors, ICICI Bank, Divi's Lab, Wipro, and IndusInd Bank featured among the top losers. Eicher Motors declined 1.64% to ₹4,882, while ICICI Bank fell 1.23% to ₹1,322, with a substantial volume of 1,13,80,409 shares traded. Divi's Lab, Wipro, and IndusInd Bank also saw declines of 1.19%, 1.13%, and 1.01%, respectively.

On the global front, major Asian markets closed mixed on Monday, with Japan's Nikkei and South Korea's KOSPI Composite closing high but Hong Kong's Hang Seng shedding most of the gains in the morning sessions to close in negative territory on Monday. Japan's Nikkei surged 1.53% to close at 37,723.91, KOSPI added 0.33%, while Hong Kong's Hang Seng Index was down by 11.46 points or 0.06% to end at 18,247.11.

Oil prices increased marginally, with WTI Crude trading at $71.30 per barrel, and Brent Crude at $74.75, up 0.35% and 0.42%, respectively.

The overall market sentiment was supported by a positive outlook for the U.S. economy following the U.S. interest rate cut and by speculations that other central banks in broader Asia could follow suit, increasing the investment flow.