The Indian equity market closed higher on Monday, with Sensex and Nifty rising for the sixth straight session led by financial stocks as investors cheered fresh support measures from the Reserve Bank of India for exporters hit by recent tariff disruptions. Sensex ended 388 pts higher at 84,950 and Nifty added 103 pts to 26,013. Advertisement

Top Sensex gainers were Eternal 1.94%, Maruti Suzuki (1.34%), Kotak Mahindra Bank (1.26%), Mahindra & Mahindra (1.11%) and Tech Mahindra (1%).

Financial stocks led the gains on Indian market with Bank Nifty closing at its record high.

The Bank Nifty hit another record high of 59,000, gaining 483 pts on Monday. Later, the index closed at record high of 58,962, rising 445 pts against the previous close of Rs 58,517. The BSE banking index too surged

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