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Markets stage a monstrous rally, extending their winning streak to a sixth consecutive session, as the Republican sweep in the US cheers bulls on Dalal Street. The Nifty has surged 1,500 points so far this week, while the Sensex has soared 5,000 points. The Nifty reclaims the 24,550 mark, gaining nearly 2,000 points from the day’s low, while market breadth remains firmly in favour of advances. Auto, metal and banking stocks drive the rally, while energy stocks lag and media stocks decline. Oil prices retreat slightly following a sharp 9% overnight drop. US futures trade mixed after the stellar rally on Wall Street. Among Nifty 50 stocks, Bajaj Finance, Shriram Finance and IndiGo are the top gainers, while Apollo Hospitals, ONGC and NTPC are the top losers.
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