Sensex jumps over 300 points, Nifty above 24,300 to extend gains for the 4th day on monsoon revival and FII buying

Sensex gained over 300 points and Nifty 50 closed above 24,300 on Monday, extending gains for the fourth straight session, supported by heavy monsoon rainfall across several Indian cities and FII net buying of about Rs 1,355 crore on Friday. Broader markets also traded in the green with 1,284 stocks advancing on NSE against 1,125 declines, while India VIX fell nearly 4 percent to 11.80. The article also previews the Q1 earnings season beginning July 9 with TCS, where financials and autos are expected to outperform while IT may report subdued results amid West Asia conflict headwinds.