New Delhi, Oct. 27 -- The Indian stock market resumed its winning streak on Monday, October 27, with key benchmark indices closing over 0.60% higher as easing trade tensions between the US and China boosted global risk appetite and growing expectations of a US Federal Reserve rate cut sparked a strong rally across key Asian markets.

Heavyweights including Reliance Industries, Bharti Airtel, Infosys, SBI, and Axis Bank drove the Nifty 50 rally, which closed 0.66% higher at 25,966.60. The S&P BSE Sensex also gained 0.67%, ending the day at 84,778, compared to Friday's close.

Broader markets advanced as well, with the Nifty Midcap 100 surging 0.95%, while the Nifty Smallcap 100 rose 0.83%.

Among sectoral indices, the Nifty PSU Bank index ...