MUMBAI: The Indian equity indices continued the previous week's momentum, settling higher for the sixth consecutive session on Monday amid overall positive buying sentiment.
Sensex ended the session at 84, 950.95, up 388.17 points or 0.46 per cent. The 30-share index opened with a decent gap-up at 84, 700.50 against the previous session's closing of 84, 562.78. The index remained in positive territory throughout the session, touching an intra-day high at 84, 988.09 and an intraday low at 84, 581.08
The market has maintained its positive momentum, hovering near the key psychological level of 26, 000, as investors anticipate a strong catalyst for further upward movement, said analysts.
Currently, the risk-reward ratio is largely favourable, bolstered by stronger-than-expected Q2 earnings from Midcaps, which have reinforced confidence in growth revival and point to potential future earnings upgrades, analysts added.