New Delhi, April 27 -- The Indian stock market continued its recovery for another week, although weekly gains remained modest. Domestic equity benchmarks, Sensex and Nifty 50, recorded their second consecutive week of gains.

Following an early rally, the benchmarks moved within a tight range midweek, before facing profit booking in the final session. In the end, the Nifty 50 index dropped 0.86% to 24,039.35, while the BSE Sensex declined 0.74% to 79,212.53.

The Nifty 50 climbed 0.79 percent, recording its second straight gain and indicating a positive market trend. The index closed above the crucial psychological mark of 24,000, overcoming a major technical hurdle. It also remains above the 21-day, 55-day, and 200-day exponential moving...