Market Updates: Indian share market indices rallied nearly 1 percent to keep up the 59,000-mark on Monday, September 5,  tracking heavy buying in index heavyweights Reliance Industries and ICICI Bank.

The BSE Sensex rose 442.65 points, or 0.75 percent to close at At 59,245.98 . It scaled up 504.92 points or 0.85 percent throughout the day to 59,308.25. The NSE Nifty increased by 126.35 points, or 0.72 percent to close at 17,665.80, 

Among the top gainers from the Sensex pack were Sun Pharma, ITC, NTPC, Reliance Industries, Larsen & Toubro, Tata Steel, HCL Technologies, and ICICI Bank. The laggards were Asian Paints, Hindustan Unilever, Wipro, UltraTech Cement, and PowerGrid.

Indian Rupe Versus USdollar: In line with a strong trend in local equities, the Indian rupee rose 8 paise to settle at 79.79 against the US dollar on Monday. The advance of the rupee was nonetheless limited by the strengthening of the US dollar on the international market, forex traders said.

The local currency's opening price on the interbank forex market was 79.84 against the US dollar. During the session, it experienced a high of 79.79 and a low of 79.90 against the US dollar.

International Markets: Even with US markets closed for Labor Day, including stocks and cash Treasuries, Wall Street stock futures shook after the worst week for global shares since June.

Due to the 30 percent increase in gas prices on Monday, European markets and the euro fell. The 47-country MSCI world equity index experienced a 0.5 percent daily decline. The European STOXX 600 fell 1.5 percent and was close to a seven-week low. The DAX in Germany dropped 2.9 percent, and the FTSE 100 in London declined 0.8 percent.

An Asian equities index also decreased, with Hong Kong's tech companies leading the way as investors considered the likelihood of US investment restrictions.

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