mumbai the foreign fund flowled upsurge in the indian market continued in the new year as the sensex on monday surpassed the 48000mark for the first time in its history and closed at 48177 points also its alltime high closing level it was up 308 points on the day it was the seventh consecutive session that the sensex closed at a new high level the longest such run in its over fourdecade historythe news about indian government approving the rollout of covid19 vaccines also enthused investors on dalal street market players said in addition a record high monthly gst collectionat rs 115 lakh crore for decemberthat came in on friday also added to the positive sentiment in the marketon the nse the nifty further consolidated its position above the 14k mark and closed at 14133 up 114 pointsendofthesession data on bse showed a net inflow of rs 1843 crore by foreign portfolio investors on mondaythis high inflow figure came in despite most foreign fund managers being on holiday for christmas and new year dealers saidthe days rally in the broader market also made investors richer by rs 24 lakh crore with bses market capitalisation currently at rs 1916 lakh crore the days session also recorded the highest close for the midcap index in the last three years it and metal stocks also showed smart gains on mondayemboldened by the likely rollout of the vaccine this month bulls went berserk bolstered by it and metal stocks with able support from pharma stocks pmi data and renewed buying in select financials provided buoyancy across the broader markets s ranganathan head of research at lkp securities wrote in a noteamong the sensex constituents tcs infosys and hul contributed the most to the days gains while selling in kotak bank hdfc bank and bajaj finance contained the upside to some extentmarket players said that once vaccines are rolled out and healthcare and frontline workers are inoculated the businesses are expected to open up more and the economy could stabilize further in the shorter run the start of the results season from the second week of the month would also dictate the markets movement they saidtechnically too the indices look set for further gains according to nagaraj shetti technical research analyst hdfc securities the short term trend of the nifty continues to be positive the short term upside targets to be watched at 14350 points and immediate support is placed at 14060