New Delhi, May 6 -- The Indian stock market indices-the Sensex and Nifty 50-ended higher on Monday, supported by gains in key stocks like HDFC Bank, Mahindra & Mahindra, and ITC.

The Sensex rose by 295 points (0.37%) to close at 80,796.84, while the Nifty 50 advanced 114 points (0.47%) to finish at 24,461.15. Mid- and small-cap stocks outperformed significantly, with the BSE Midcap index surging 1.45% and the Smallcap index increasing by 1.23%.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautiously positive and the Nifty 50 index is poised to touch 24,800 soon.

Speaking on the outlook of Indian stock market, Bagadia said, "On breaking above 24,800, the key benchmark index may...