Mumbai, March 6 -- The domesic benchmark indices closed with strong gains for the second day in a row on Thursday, driven by positive global cues and falling crude oil prices. The Nifty index finished above the 22,500 level, recovering from an early dip to 22,245.85.

Volatility was observed due to the expiry of weekly index options on the NSE. Energy, metal, and pharma stocks led the rally, while realty shares faced some pressure.

The decline in crude oil prices following OPEC+'s announcement of a gradual unwinding of production cuts provided a significant boost to market sentiment. Lower crude prices are beneficial for India, a major oil importer.

Global markets also contributed to the positive momentum. US President Donald Trump's de...