Indian stock markets extended their winning streak for the third straight session on Monday, supported by strong buying in IT and banking shares.
The Sensex jumped 582.95 points to close at 81,790.12, while the Nifty gained 183.4 points to end at 25,077.
Bank Nifty also surged past 56,100, hitting a high of 56,164, with resistance seen at 56,300–56,500 and support around 55,821–55,500.
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According to Anil Singhvi, Market Expert and Managing Editor, Zee Business, the data for Indian markets is looking extremely strong.
“The Nifty’s 25,000 put option has built an open interest of more than 3 crore shares, making it a solid base. Additionally, 2.5 crore shares are standing at the 24,900 put and around 1.65 crore shares at the 24,950 put. This clearly