Sensex, Nifty settle above 2-month highs ahead of Trump's presser

In the broader markets, BSE Midcap index (up 1.4%) outperformed the headline indices

Extending gains for the second straight session, the benchmark indices on Wednesday settled above two-month highs tracking positive trade in global markets ahead of US President-elect Donald Trump's news conference later in the day that will give an initial insight into his policies.

The S&P BSE Sensex reclaimed its crucial 27,000 level to end 241 points higher at 27,140, while the broader Nifty50 closed at 8,381, up 92 points.

In the broader market, BSE Midcap index (up 1.4%) outperformed the headline indices. BSE Smallcap index gained 0.9%.

Market breadth depicted strength. There were nearly two gainers against every loser on