Stock market today: Nifty50 closes above 24,450; BSE Sensex ends near 80,800

Stock market today: Stock market indices Sensex and Nifty ended positively on Monday, backed by continuous foreign fund investments and significant reduction in international crude oil prices.The NSE Nifty increased by 114.45 points or 0.47 per cent to 24,461.15.
The BSE benchmark of 30 shares gained 294.85 points or 0.37 per cent, closing at 80,796.84, continuing its upward trend. During trading, it reached 81,049.03, up by 547.04 points or 0.67 per cent.
Among Sensex companies, Adani Ports surged 6.29 per cent following news of Gautam Adani's team meeting US officials regarding dismissal of bribery probe charges.
Other Adani group listed companies, including Adani Enterprises, Adani Ports, Adani Power and Adani Green Energy, showed substantial gains at closing.
From the 30-share group, positive performers included Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever.
Kotak Mahindra Bank declined 4.57 per cent after reporting a 7.57 per cent decrease in consolidated net profit to Rs 4,933 crore for March quarter FY25, mainly due to increased stress in microlending.
State Bank of India, Axis Bank, Titan and IndusInd Bank were amongst the declining shares.
SBI dropped over 1 per cent following its report of 8.34 per cent reduction in consolidated net profit to Rs 19,600 crore for January-March quarter versus Rs 21,384 crore previous year, affected by decreased net interest margins.
Exchange data showed Foreign Institutional Investors (FIIs) purchased equities worth Rs 2,769.81 crore on Friday.
Foreign investors added Rs 4,223 crore to Indian equity markets in April, becoming net buyers initially in three months, supported by positive global factors and strong domestic fundamentals.
This followed net outflows of Rs 3,973 crore in March, Rs 34,574 crore in February, and Rs 78,027 crore in January.
"The market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment.
"However, the market's momentum is moderating, with action shifting from broad-based movements to stock and sector-specific trends based on results," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Markets in South Korea, Japan, China and Hong Kong remained closed for holidays.
European markets showed mixed performance.
US markets closed significantly higher on Friday.
Global oil benchmark Brent crude decreased 1.45 per cent to USD 60.40 per barrel.
The BSE benchmark of 30 shares finished 259.75 points or 0.32 per cent higher at 80,501.99 on Friday. Nifty gained marginally by 12.50 points or 0.05 per cent, ending at 24,346.70.