New Delhi, Aug. 26 -- The Indian stock market recorded moderate gains on Monday, August 25, driven by buying in select IT and financial majors such as Infosys, TCS, HCL Tech, and HDFC Bank.

The Sensex advanced 329 points, or 0.40 per cent, to close at 81,635.91, while the Nifty 50 climbed 98 points, or 0.39 per cent, to end at 24,967.75. However, the mid- and small-cap segments lagged, with the BSE Midcap index inching up 0.10 per cent and the Smallcap index edging down 0.02 per cent.

Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive as the Nifty 50 index is sustaining above the 50-DEMA support placed at 24,850.

Speaking on the outlook of Indian stock market, Bagadia said,...