Expectations of an industry-friendly, growth and reform-oriented Budget took the benchmark indices Nifty and Sensex to a new closing high on Monday.
While the Nifty closed at 7,787, up 36 points, the Sensex breached the 26,000-mark and closed at 26,100, up 138 points.
The other major triggers for the markets this week are trade data and IIP numbers. Foreign institutional investors bought net equity worth ₹199 crore while domestic institutional investors sold net equity worth ₹85 crore.
Barring banking, realty and energy, all the other sectoral indices closed in the green. Volatility was high throughout the day and the volatility index India Vix closed 6.9 per cent higher at 19.4075. There are expectations of margin expansion when companies start announcing their first quarter results from next week.