Indian markets closed higher Monday with Nifty at 24,585, led by PSU banks and defense stocks. Equity MF inflows hit a record ₹42,672 crore in July. L&T rose on ₹15,000 crore Adani orders, Tata Motors gained 3%, while PG Electroplast slumped 13%. Retail sentiment on Nifty stayed bullish amid strong volumes.