The 30-share pack Sensex advanced 465.14 points or 0.80 per cent to close at 58,853.07. Its broader peer, Nifty50, added 127.60 points or 0.73 per cent to close comfortably above the 17,500 mark. The benchmark has managed to close above 17,500 for the first time since April 12, 2022.

New-age stocks are back in focus once again. Zomato saw a high-profile exit by Uber. Paytm's loss widened while Nykaa's profit rose 33% YoY. Retail investors have, however, been lapping up some of the loss-making new-age stocks as their share prices continue to dip.

Listen in to understand the reasons behind the recent rally and risks that lie ahead for the quarter

RBI Governor Shaktikanta Das-led six-member monetary policy committee (MPC) decided to raise the repo rate by 50 bps and retained its withdrawal of accommodative stance, largely in line with expectations, making it a non-event.

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As the dovish tone of the US Fed boosted sentiment across global markets, Nifty ended the week higher by 2.6 per cent to end above the physiological level of 17,000 after 11 weeks of volatile movement. Metals, IT and bank stocks were among the top sectoral winners while auto and FMCG indices failed to make a mark. In today's special podcast with independent market expert Rajiv Nagpal, let's figure out what's happening in IT and auto stocks and how expensive is Nifty now.

The 30-share pack Sensex jumped more than 700 points to close above the 57,570 mark. Its NSE counterpart, Nifty50, gained about 230 points to settle abover 17,150 level. Broader markets marched in tandem with benchmarks as both midcap and smallcap indices gained over a per cent each.