The Indian stock market boomed on Monday, August 7, with the Sensex climbing 232 points to close at 65,953.

The Nifty also saw a gain of 80 points, closing at 19,597. Out of 30 Sensex stocks, 22 saw a rise and 8 saw a decline. M&M's stock was the biggest gainer, rising more than 4%.

One of the reasons for the market's rally was the news that Vijay Shekhar Sharma, founder and CEO of Paytm, will buy a 10.3% stake in the company. This will increase his stake in Paytm to 19.42% and make him once again the largest shareholder. The stock of One 97 Communications, Paytm's parent company, saw a gain of 6.83% on the news.

Another reason for the market's rally was the listing of Yatharth Hospital's shares. The stock got listed at a premium on NSE and BSE, opening at Rs 306.10 on BSE and Rs 304 on NSE, while the issue price was Rs 300. Yatharth Hospital's IPO opened during July 26-28 and closed on the last day by filling 37.28 times. The company raised Rs 686.55 crore through IPO.

The market's rally on Monday follows a strong performance on Friday, when the Sensex climbed 480 points to close at 65,721. The Nifty also saw a gain of 135 points, closing at 19,517.

Overall, the Indian stock market is on a strong footing, and investors are confident about the future. The recent rally is a sign that the market is headed in the right direction.