New Delhi, Feb. 23 -- The Indian stock market closed Monday's session, February 23, with sharp gains as market sentiment was boosted after the US Supreme Court struck down import levies imposed by President Donald Trump.

The Nifty 50 gained 0.52% to 25,703, while the Sensex rallied 0.56% to 83,276. The broader markets, however, closed mixed, with the Nifty Midcap 100 index falling 0.40% and the Nifty Smallcap 100 index rising 0.30%.

Sectoral performance was mixed, with the Nifty PSU Bank extending its bull run to the third day, gaining another 1.36%, and during the intraday session, the PSU gauge touched another record high. It was followed by Nifty Auto and Nifty FMCG, which scaled up 0.83% and 0.70%, respectively.

On the downside, Ni...