New Delhi, May 25 -- Market benchmarks- the Sensex and the Nifty 50- jumped more than 1% during the session on Monday, 25 May, driven by a decline in crude oil prices, the rupee's rise, and positive global cues amid optimism surrounding a potential US-Iran deal.

The Nifty 50 broke above a key resistance of 23,800, nearing 24,000 during the session.

Rajesh Palviya, the head of research at Axis Direct, a sustained move above 23,850 could trigger short covering, potentially accelerating momentum towards the 24,000 - 24,200 level. On the downside, 23,550 and 23,400 are likely to serve as immediate support levels.

Vipin Kumar, AVP- Equity Research and PMS at Globe Capital Market, also believes that a sustainable trade above 23,850 will open...