Sensex, Nifty 50 rise over 6% in past 5 sessions: More rally from tomorrow or profit booking will dent returns hopes?

What happened: The Sensex and Nifty 50 rose over 6% in the past five trading sessions, reaching their highest closing levels in more than eight months, with trading set to resume on Wednesday, November 11. Key numbers: Sensex closed at 81,106.65, up 107.25 points or 0.13%. Nifty 50 closed at 25,044.65, up 58.25 points or 0.23%. Brent crude fell nearly 14% last week to around $99 per barrel. Why it matters: Analysts expect near-term consolidation and profit booking after the sharp rally, while citing strong earnings outlook, lower crude prices and foreign inflows as continued support.

The Sensex and Nifty 50 rose over 6% in the past five trading sessions, reaching their highest closing levels in more than eight months, with trading set to resume on Wednesday, November 11.

Analysts expect near-term consolidation and profit booking after the sharp rally, while citing strong earnings outlook, lower crude prices and foreign inflows as continued support.