New Delhi, Nov. 10 -- The Indian stock market is heading into Wednesday's trading session on a strong note, with the Sensex and Nifty 50 having surged over 6% in the past five trading sessions, raising hopes of further gains on Dalal Street. The benchmark indices have reclaimed crucial levels and climbed to their highest closing levels in more than eight months, supported by falling crude oil prices, renewed foreign investor buying and improving global sentiment.

However, after a sharp rally, investors are now questioning whether the market can extend its gains or if profit booking will emerge at higher levels. The immediate trading direction will be closely linked to global market cues, crude oil movements, foreign institutional investo...