Stock Market Today: The 30-share Sensex on the BSE closed 388 points higher, while the Nifty 50 on the NSE also closed above 26,000.

Sensex closed up 388 points amid hopes of a trade deal with the US; find out how the market will be tomorrow.

Stock Market News: Amidst hopes of a trade deal with the US, the Indian domestic stock market saw strength on Monday, the first trading day of the week. Thanks to strong performances by PSU banks and the auto sector, the 30-share BSE Sensex gained 388 points, or 0.46 percent, to close at 84,950.95. Meanwhile, the NSE Nifty 50 also rose 103.40 points, or 0.4 percent, to close at 26,013.45  .

These stocks are rising.

Stocks that saw gains on Monday included Eternal (1.94%), Maruti Suzuki (1.34%), Kotak Mahindra Bank (1.26%), Mahindra & Mahindra Advance (1.11%), and Tech Mahindra (1.06%). Gains in these stocks helped the market maintain its upward trend.

While Tata Motors Passenger Vehicles fell 4.83 percent, UltraTech Cement fell 0.70 percent, Asian Paints fell 0.67 percent, Bharat Electronics fell 0.57 percent, and Tata Steel fell 0.43 percent.

What do experts say?

Vinod Nair, Head of Research at Geojit Investments Ltd., said the Indian stock market remains positive. He added that investors are currently closely monitoring the US-India trade deal. Furthermore, strong second-quarter results from mid-cap companies have also contributed to the market's recovery, restoring investor confidence