Stock market today, May 26 -- The Indian stock market closed significantly higher, driven by broad-based buying, with the benchmark Nifty 50 ending above the 24,000 mark, on Monday.

The Sensex surged 1,073.61 points, or 1.42%, to settle at 76,488.96, while the Nifty 50 advanced 312.40 points, or 1.32%, to close at 24,031.70.

However, the market is likely to snap its gaining streak as trends in the Gift Nifty index signalled a muted opening on Thursday. Gift Nifty was trading near the 24,057 mark, down over 6 points from the previous close of Nifty futures.

"Indian equity markets are expected to trade with a cautiously optimistic undertone, supported by easing geopolitical tensions and the sharp correction in crude oil prices. Investor ...