New Delhi, Oct. 13 -- The Indian stock market benchmark Nifty 50 extended gains for the second consecutive week, rising about 1.6 per cent for the week ended October 10, largely driven by steady global cues and strong domestic inflows.

On Friday, the index closed at 25,285.35, up 0.41 per cent, inching closer to a psychologically important level of 25,500.

Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, noted that the index is nearing a significant resistance zone around 25,500, defined by a descending trendline and the upper boundary of a prevailing triangle formation.

According to Patel, the immediate hurdle continues to be at 25,650, the level of the previous swing high. A convinci...