New Delhi, June 11 -- The Nifty 50 index, which had been hovering just below the 25,000 mark, surpassed the key milestone on Wednesday and closed at 25,141-a level last seen on 14 October.

Over the past three trading sessions, the index had been consolidating within a narrow range of 25,055 to 25,222, signalling a pause in momentum and a lack of clear conviction from both bulls and bears, according to market experts. Now that it has broken its consolidation phase, experts say the index is headed for an upward move.

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"The consolidation suggests that the market is currently taking a breather after a recent rally, awaiting fresh triggers for the next le...