New Delhi, Nov. 24 -- The Indian stock market is swinging between gains and losses, keeping investors on tenterhooks. After hitting a 52-week high of 26,246.65 on Thursday, November 20, the market benchmark Nifty 50 has hit a downward spiral again, falling nearly 1% in two sessions.

On Monday, November 24, the index closed 0.42 per cent lower at 25,959.50, denting hopes that it will soon conquer its all-time high of 26,277.35, scaled on September 27 last year.

The level of 26,000 remains a key level for the index despite the presence of several tailwinds- such as improved outlook for earnings growth, valuation comfort in large-caps, and hopes of an India-US trade deal.

Domestic market sentiment has improved after a stable Q2 earnings. ...