Sensex Surges Over 400 Points, Nifty Crosses 23,400

Indian stock markets traded with a positive bias on Monday, supported by gains in Asian markets and resilient domestic factors. The Sensex climbed over 400 points, crossing the 74,700 mark, while the Nifty crossed 23,400. The rally was driven by easing crude oil prices, which fell for the fourth consecutive session, and improved flows through the Strait of Hormuz. Market analysts noted that the Indian market showed resilience despite geopolitical uncertainty. Technically, 23,400 is the immediate hurdle for Nifty, with a sustained breakout above this level potentially taking the index towards 23,500-23,600.