Stock market today: BSE Sensex closes 1,241 points up near 72,000 mark; Nifty ends day above 21,700 - top reasons for bull rally

Stock market today: Indian benchmark indices, BSE Sensex and Nifty50 witnessed a significant surge in their value today due to buying activity in the banking sector and positive global market cues. The BSE Sensex gained 1200 points, reaching a level of 71,900, while the Nifty50 crossed the 21,650 mark during Monday's trading session.