New Delhi, April 16 -- The benchmark Nifty 50 index kicked off the holiday-shortened week on a strong note, climbing 2.19% to close at 23,328.55.

The Bank Nifty also posted a solid performance, rising 2.7% to settle at 52,379.50. Most sectors, particularly realty and auto, ended in the green. Broader markets mirrored the upbeat sentiment, with both midcap and smallcap indices advancing by nearly 3% each.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment has turned positive as the Nifty 50 index decisively broken above the 50-DEMA hurdle placed at 23,000.

Speaking on the outlook of the Indian stock market today, Bagadia said, "The benchmark index closed closed above 23,300 that speaks ...