New Delhi, Aug. 18 -- The Indian stock market saw strong, broad-based buying on Monday, August 18, driving the benchmark Nifty 50 past the 25,000 mark for the first time since July 25.

The Sensex, Nifty 50, and Nifty Bank indices gained over 1 per cent each during the session, as sentiment was lifted by Prime Minister Narendra Modi's announcement on GST reforms, hopes of a Russia-Ukraine peace deal, signals from US President Donald Trump that he may reconsider secondary tariffs on India, and S&P's upgrade of India's credit rating.

With expectations building around multiple tailwinds in the near term, investors are betting that the Sensex, Nifty, and Bank Nifty could scale record highs in the short term.

It appears that the Indian stock...