On Monday, Indian equity benchmarks continued their upward trajectory for the third consecutive session, buoyed by significant buying in sectors such as banking, energy, and automobiles. The Nifty surged by 312.40 points, closing at 24,031.70, while the BSE Sensex gained 1,073.61 points, finishing at 76,488.96. Analysts noted that the Nifty has reclaimed both the 20 and 50 Exponential Moving Averages (EMAs), signaling a robust recovery in market sentiment. Rupak De from LKP Securities indicated that the Nifty could target 24,200 in the near term, with support at 23,800. Additionally, the market breadth was positive, with 2,703 stocks advancing against 1,607 declining. Among the most active stocks, Apollo Hospitals and MTAR Technologies led in turnover, while Vodafone Idea topped in trading volume. The market's bullish sentiment was further supported by 154 stocks reaching their 52-week highs, reflecting strong buying interest across various sectors.