Sensex, Nifty extend winning streak as IT, banking stocks lead the charge

Daijiworld Media Network - Mumbai

Mumbai, Oct 6: Indian stock markets closed higher for the third consecutive session on Monday, buoyed by robust gains in IT and banking shares, with benchmark indices breaching key technical levels and signaling sustained bullish momentum.

The BSE Sensex surged 582.95 points (0.72%) to 81,790.12, while the NSE Nifty climbed 183.4 points (0.74%) to close at 25,077, crossing the critical 25,000 mark for the first time and turning the near-term structure “decisively positive,” according to analysts.

Technical experts noted that any pullback toward 25,000 is now expected to act as strong support, while the next upside targets are seen around 25,200 and 25,500. The Bank Nifty index, meanwhile, continued its sharp upward trajectory, touching an intraday high