Indian benchmark indices extended their winning streak to a third consecutive session on Thursday, buoyed by gains in heavyweight financials and Reliance Industries, after underlying U.S. inflation softened in December,

The Nifty 50 ended the session with a gain of 0.16% at 23,213, while the Sensex closed at 76,724 marking a 0.29% increase from the previous close. The Nifty Smallcap 100 index rose by 0.56% to 17,353,

The market is expected to be under intense pressure with strong headwinds. Brent crude is above $81 per barrel, while sharper than expected surge in US jobs data coupled with consistent FIIs selling and Q3 earnings have taken a toll on the market.

Indian benchmark indices rose for a third straight session on Thursday, driven by gains in financial heavyweights and Reliance Industries. Eased U.S. inflation in December boosted hopes of further rate cuts by the U.

The BSE Sensex rose 318.74 points, or 0.42%, to 77,042.82. Likewise, Nifty 50 gained 98.60 points, or 0.42%, to 23,311.80.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,405 level, a premium of nearly 140 points from the Nifty futures’ previous close.

Benchmark indices Nifty and Sensex started on Thursday on a positive note, recording their third consecutive day of gains. Investor sentiment was lifted by December's cooler-than-expected US inflation data,

The stock market seems to be continuing its rally for the third consecutive day by opening in the green on Thursday.

For the benchmark Nifty 50 Index 23260 would be the key level to watch out for and above the same market could bounce back till 23350-23400, said experts