Mumbai, Nov. 4 -- Indian equity markets extended their upward movement for the fifth consecutive session on Wednesday, with the benchmark indices closing higher after a volatile trading session.

Buying across midcap and smallcap stocks further strengthened market sentiment.

The Nifty 50 index closed at 23,960.60, gaining 149.75 points or 0.63 per cent, while the BSE Sensex settled at 77,301.40, up 383.55 points or 0.50 per cent.

The broader markets outperformed the benchmark indices, with the Nifty Midcap 100 surging 1.55 per cent and the Nifty Smallcap 100 gaining 2 per cent. The Nifty 100 also advanced 0.82 per cent.

Vikram Kasat, Chief Business Officer - Advisory and Dealing at PL Capital, said, "Indian equities extended their rall...