India's benchmark indices soared to new heights shortly after markets opened on June 10, driven by gains in Reliance Industries Ltd and Axis Bank Ltd. This market surge came in the wake of Narendra Modi being sworn in for his third term as Prime Minister on Sunday.

By 09:21 a.m., the NSE Nifty 50 had climbed 91.90 points, or 0.39%, to 23,382.05, while the BSE Sensex increased by 233.11 points, or 0.30%, to 76,926.47. During the morning trading session, the NSE Nifty 50 reached a new high of 23,411.90, and the Sensex hit an all-time peak of 77,079.04.

Major Movers and Shakers

Adani Ports, Power Grid Corp, Bajaj Auto, Coal India, and Shriram Finance were among the top gainers on the Nifty. Conversely, the biggest losers included Tech Mahindra, Infosys, Dr. Reddy's Labs, LTIMindtree, and Hindalco.

Previous Market Performance

On Friday, June 7, the BSE Sensex had a remarkable jump of 1,720.8 points, or 2.29%, reaching a new record high of 76,795.31. It closed at 76,693.36, up by 1,618.85 points, or 2.16%.

Global Market Trends

Globally, the euro fell to its lowest level in nearly a month following French President Emmanuel Macron's call for a snap election after the European Parliament elections. Markets in China, Hong Kong, Taiwan, and Australia were closed on Monday due to holidays. Meanwhile, the yield on 10-year U.S. Treasuries advanced for the third consecutive day after a strong U.S. jobs report prompted a reassessment of potential Federal Reserve interest-rate cuts. Oil prices steadied following a weekly drop as investors awaited key industry reports and the Federal Reserve's rate decision.