New Delhi, May 24 -- The Indian stock market witnessed a strong rally on Friday led by buying across the board, with both the benchmark indices, Sensex and Nifty 50, closing nearly a percent higher each. The turbulence in the global bond markets resulted in heightened volatility this week, but the domestic equity market registered an impressive weekly gain.

On Friday, the Sensex surged 769.09 points, or 0.95%, to close at 81,721.08, while the Nifty 50 settled 243.45 points, or 0.99%, higher at 24,853.15. For the week, the Nifty 50 jumped 4.18%, registering its highest weekly close since the week ending 4 October 2024.

As the benchmark Nifty 50 has decisively surpassed the crucial resistance of 24,800, analysts believe the next target fo...