Continuing its positive trend witnessed last week after the International Monetary Fund forecasted that the country's economy might see an expansion better than 2007, Indian stock market remained buoyant on Monday.

BSE Sensex rose 103.66 points during the day's trade to close at 17,937.20. The Bombay Stock Exchange benchmark index even crossed the 18,000 mark at some point of time during the day before cooling down on profit bookings.

At the National Stock Exchange, the broad-based Nifty too remained resilient and breached the 5,400 mark before closing slightly below at 5,383, 30.55 points up from its previous close.

Market sentiments also remained up as reports suggested a 11.5 per cent growth in the country's industrial production for the month of May as compared to just 2.1 per cent recorded for the corresponding month in the previous year.

Market rally on Monday was mainly guided by realty, banking and IT blue chip stocks. 

Among sectoral indices, while the BSE Realty index grew 2.24 per cent on Monday, BSE Bankex rose 1.34 per cent and BSE IT climbed 1.26 per cent respectively.