New Delhi, Aug. 12 -- The Indian stock market recorded strong gains on Monday, August 11, driven by broad-based buying despite mixed signals from global markets.

The Sensex closed at 80,604.08, gaining 746 points, or 0.93 per cent, while the Nifty 50 advanced 222 points, or 0.91 per cent, to finish at 24,585.05.

Among broader indices, the BSE Midcap rose 0.79 per cent, and the Smallcap index ended 0.35 per cent higher.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned positive after the decent oil back in the Nifty 50 index from 24,350 levels.

Speaking on the outlook of Indian stock market, Bagadia said, " The key benchmark index has ended close to 24,600 and the 50-stock inde...