Major benchmark stock indices made a strong recovery on Monday, reversing their recent downtrend, bolstered by late-stage buying in heavyweight stocks like Reliance Industries and Infosys. Additionally, European markets opened on a positive note, contributing to the overall positive sentiment.

The 30-share BSE Sensex displayed an impressive climb of 79.27 points, equivalent to 0.12 percent, settling at 65,401.92. Throughout the trading session, it experienced a temporary decline of 500.77 points or 0.76 percent, eventually reaching 64,821.88.

Similarly, the NSE Nifty managed to gain 6.25 points, or 0.03 percent, closing at 19,434.55.

Among the key performers within the Sensex components were Infosys, Hindustan Unilever, Reliance Industries, ICICI Bank, Larsen & Toubro, Asian Paints, Nestle, Axis Bank, Wipro, and Kotak Mahindra Bank, which all witnessed notable gains. On the flip side, JSW Steel, State Bank of India, Tata Steel, Bajaj Finserv, UltraTech Cement, IndusInd Bank, Tata Motors, and Bajaj Finance experienced significant declines.

Turning to Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong closed in the negative territory, reflecting a mixed regional trend.

Meanwhile, European markets demonstrated a largely positive trend.

Conversely, the US markets concluded Friday's session on a mostly lower note.

In terms of economic indicators, the wholesale price-based inflation remained negative for the fourth consecutive month in July, standing at (-)1.36 percent. This deflationary trend was driven by falling fuel prices, even though the cost of food articles increased.

On the investment front, Foreign Institutional Investors (FIIs) divested equities worth Rs.3,073.28 crore on Friday, based on exchange data.

Shifting to commodities, the global oil benchmark Brent crude witnessed a decline of 0.33 percent, reaching USD 86.52 per barrel.

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