New Delhi, April 29 -- Broad-based buying propelled the Indian stock market higher on Monday, April 28, allowing the benchmarks - the Sensex and the Nifty 50 - to break their two-day losing streak and post strong gains of over one percent each.

The Sensex surged 1,006 points, or 1.27%, to settle at 80,218.37, while the Nifty 50 closed with a robust gain of 289 points, or 1.20%, at 24,328.50.

The BSE Midcap index closed up by 1.34 percent, while the Smallcap index gained 0.39 percent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market has come over from the nervous sentiments after sharp selling on Friday last week.

Speaking on the outlook of Indian stock market, Bagadia said, " The Nifty 50 reb...