Sensex Soars 546 Pts, Nifty Tops 26,100; Mid, Smallcaps Rally Strong

• Indian benchmark indices Sensex and Nifty closed significantly higher, with Sensex gaining 546 points and Nifty surpassing 26,100.
• BSE Midcap and smallcap indices showed robust performance, each advancing by 1%.
• Major Nifty gainers included JSW Steel, Tata Steel, ONGC, SBI Life Insurance, and Kotak Mahindra Bank.
• IT and telecom sectors were the only ones to close in the red, while most other sectors saw gains.
• Metal, media, capital goods, realty, private and PSU banks, consumer durables, and power indices rose 1%, with oil & gas leading with a 2.5% jump.

Why It Matters: Indian markets closed strong, led by broad-based gains across sectors, except IT and telecom.