With this, the Nifty has gone past the mark of 25,017, which is the 50% retracement of the fall seen from the September 18 high of 25,448 to the September 30 low of 24,587.
When we look at the Nifty Bank, the index has also surged, rising by over 380 points, furthering and solidifying its position at the 55,000 mark.
The Midcap and Smallcap indices are trading with similar gains, following the frontline indices. The Nifty Midcap index is up over 200 points. The Nifty Smallcap index is underperforming the others with an uptick of just about 30 points.
Some of the biggest gainers among the Nifty 500 stocks include Aditya Birla Lifestyle, Poonawalla Fincorp, BSE, Fortis, Delhivery, along with others.
Watch this space for all the live updates.