New Delhi, Sept. 2 -- Indian market benchmarks, the Sensex and Nifty 50, closed higher on Monday, September 1, breaking their three-day losing streak as buying was witnessed across sectors.

The Sensex gained 555 points, or 0.70 per cent, to finish at 80,364.49, while the Nifty 50 advanced 198 points, or 0.81 per cent, to settle at 24,625.05.

Mid and small-cap stocks outperformed the broader market, with the BSE Midcap index climbing 1.64 per cent and the Smallcap index rising 1.49 per cent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has improved as the Nifty 50 index bounced back strongly from 24,400 levels.

Speaking on the outlook of Indian stock market, Bagadia said, "The key be...