India, Aug. 3 -- The Indian equity market extended gains for the fourth straight session on Monday with Nifty closing over the 24,700 mark.

Nifty ended the day's trade at 24,774.30, up by 390 points.

Despite a significant fall last month, the market began this week's rally, as well as the beginning of the proceedings in August, on a positive note.

The sentiment remained positive amid declining crude oil prices and easing of tensions in the Middle East.

The top gainers, among the Nifty50 stocks, are InterGlobe Aviation, TCS, Infosys, Shriram Finance, and Grasim Industries.

The top losers remained Sun Pharma, Apollo Hospitals, Maruti Suzuki, ONGC, and Tech Mahindra.

Rising more than 3 percent, the Nifty IT index led the gains.

Meanwh...