Indian frontline indices were trading at an all-time high on Monday as heavyweights like Bharti Airtel, SBI and M&M were top gainers in the BSE's Benchmark.

In early trade, Sensex and Nifty made a new all-time high of 84,862 and 25,911 respectively.

At 9.46 a.m., Sensex was 259 points or 0.31 per cent at 84,803 and Nifty was 110 points or 0.43 per cent at 25,903.

Buying was also seen in the midcap and smallcap stocks. Nifty midcap was 305 points or 0.51 per cent at 60,514 and Nifty smallcap was 154 points or 0.80 per cent at 19,486.

The government on Saturday notified rules and forms for the Direct Tax Vivad Se Vishwas Scheme 2024 (DTVSV 2024) to resolve pending appeals in the case of income tax disputes.

The scheme, announced in the Union Budget to reduce the litigations related with income tax, will come into force with effect from October 1.

The DTVSV Scheme provides for lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’, said the Central Board of Direct Taxes (CBDT).

“The scheme also provides for lesser settlement amounts for taxpayers who file declaration on or before 31.12.2024 in comparison to those who file thereafter,” said Ministry of Finance in a statement.

Kalikesh Narayan Singh Deo has been elected as the president of the National Rifle Association of India (NRAI) after securing a 36-21 victory over VK Dhall in the polls held at the Constitution Club of India in Delhi on Saturday.

Kalikesh, a former Member of Parliament from Odisha, had been managing the day-to-day affairs of the NRAI since last year following the resignation of long-serving president Raninder Singh.

Raninder Singh stepped down in April 2023 in compliance with the National Sports Code (NSC) issued by the Sports Ministry, which mandates that heads of national sports federations (NSFs) cannot hold office for more than 12 years. Raninder had completed his term from December 2010 to December 2022, making him ineligible for further continuation.

The foreign institutional investors (FIIs) turned aggressive buyers this week with infusing Rs 14,064 crore in the cash market as Indian markets remained resilient amid robust economy performance, data showed on Saturday.

Total FII investment till September 20 stood at Rs 33,699 crore, taking the total FII investment in the country to Rs 76,585 crore this year to date, as per NSDL data.

Market watchers said that the trend of FII buying is likely to continue in the coming days.

Manoj Purohit from BDO India said the US Federal Reserve made the first interest rate cut in the last four years, by a larger than anticipated margin of 50 bps and the foreign portfolio investors (FPI) fraternity has been conscious about this move and reacted passively.

Zambia launched a nationwide measles vaccination campaign to immunise around 4 million children aged between nine months and five years.

The measles-rubella drive will take place in all 116 districts across the country from September 23 to 28, in collaboration with various partners.

"Measles has no cure and vaccination of infants remains the most effective method for its prevention and control," Health Minister Elijah Muchima said during the campaign's launch in Lusaka, the country's capital, on Friday.

He said recent surveillance reports have revealed sporadic measles outbreaks in both previously affected and unaffected areas, highlighting immunity gaps among children under five years of age, according to news agency.

After a sideways start, the Indian benchmark indices gained momentum this week after a surprise 50 bps rate cut by the US Fed Reserve, as Sensex crossed 84,000 for the first time and Nifty hit a new all-time high.

As per market watchers, the apprehension of a slowdown in growth was eased slightly after the lower-than-expected US jobless claim and data pointed to a soft landing of the US economy at the start of the rate cut cycle.

The ongoing bullish momentum is like to take Nifty towards 25,900-26,000 levels. On the upside, 26,000 will act as an immediate hurdle for Nifty.

It was a historic day for Indian equity indices on Friday as Sensex, Nifty, and Nifty Bank closed at an all-time high.

At closing, Sensex was up 1,359 points, or 1.63 per cent, at 84,544 and Nifty was up 375 points, or 1.48 per cent, at 25,790. Nifty Bank was up 755 points, or 1.42 per cent, at 53,793.

Intraday, all three benchmark indices made a new all-time high of 84,694, 25,849 and 54,066 respectively.

Buying was also seen in the midcap and smallcap stocks.

The mobility sector in the emerging markets of South and Southeast Asia could absorb up to $1.3 trillion in green capital by 2030 and India holds the future, a new report said on Friday.

In India, electric scooters and three-wheelers are currently around $40- $112 cheaper per year to own than petrol alternatives based on the total cost of ownership.

The report, prepared by LeapFrog Investments, Temasek, Mahindra Last Mile Mobility Limited and Battery Smart, mentioned that 70 per cent of electric three-wheeler buyers in India are low-income, first-time buyers.

The Supreme Court on Friday temporarily disabled its YouTube channel after it was hacked and broadcasted videos promoting a cryptocurrency developed by a US-based company.

Reportedly, the channel was renamed “Ripple” and a video titled "Brad Garlinghouse: Ripple Responds To The SEC's $2 Billion Fine! XRP PRICE PREDICTION" was live on the compromised channel.

Further, the hackers made other hearings live-streamed on the channel private.

India front-line indices were trading at an all-time high on Friday in mid-session following positive sentiments in the market after the US Fed rate cut.

Sensex and Nifty made a new all-time high of 84,213 and 25,716 respectively. It is the first time the Bombay Stock Exchange (BSE) benchmark traded over 84,000.

At 11:16 a.m., Sensex was up 1,028 points or 1.21 per cent at 84,190 and Nifty was up 287 points or 1.13 per cent at 25,700.

The market trend remained positive. On the National Stock Exchange (NSE), 1,733 shares were in the green and 650 in red.