The BSE Sensex extended gains Saturday, rising above the 17,700 mark while the broader Nifty advanced 10 points to take the key 5,350 mark in a special trading session Saturday. The BSE is holding the special trading session to test its disaster recovery software.
Trading volume is likely to be thin because it is a non-working day for majority of brokerages and FIIs.
On Friday, The BSE Sensex saw the biggest point gain in over two months on the back of a global rally Friday. Analysts hope markets to consolidate gains and move higher.
"The short to medium term setups are encouraging. The bulls are back with a bang. 5,200-5,220 is a very strong support for markets and targets of 5,550-5,630 look possible," independent analyst Sarvendra Srivastava told NDTV Profit.
The trading will stop at 12.45 p.m.