Stock Market Highlights: Nifty50 closes in red, but stays above 24,000; BSE Sensex reclaims 77,000 after recovering from day's low

Stock Market Highlights: Nifty50 and BSE Sensex ended in red on weak global cues. Rising oil prices today weighed on market sentiment. Market experts have expressed optimism that the benchmarks may see a gradual rise, with near-term direction hinging on three key factors - cooling oil prices, resilient domestic economic indicators, and greater clarity following state election outcomes.Indian equities ended Monday on a firm note. The recovery was largely driven by a pullback in crude oil prices from last week’s elevated levels and an improvement in overall risk appetite. Sentiment also found some support from slight easing in geopolitical tensions after indications from the US about facilitating ship movement through the Strait of Hormuz. Track TOI’s live coverage on Sensex, Nifty, top gainers and losers: