MUMBAI: Indian stock markets extended their rally for the fifth straight session, with both the Nifty and the Sensex posting strong gains.
The positive momentum came amid easing global tensions and steady domestic policy signals.
The Nifty closed 3.78 per cent higher, gaining 873.70 points to end at 23, 997.35. Meanwhile, the Sensex surged 3.95 per cent, rising 2, 946.32 points to settle at 77, 562.90.
Commenting on Nifty technical outlook, experts said that from a technical standpoint, the 23, 700–23, 600 zone remains a key immediate support.
“A breakdown below this range could trigger profit booking. On the upside, a decisive breakout above the 24, 500 resistance zone is required to confirm continuation of the current uptrend and unlock further upside potential, ” an analyst stated.
Investor sentiment improved significantly after geopolitical concerns showed signs of cooling and the central bank maintained policy stability.