The key Indian stock market indices rallied over 1% on the first trading session of the week, snapping an eight-session losing streak. The Sensex gained 517 points to close at 27975 and the Nifty rose 150 points to close at 8492. Capital goods, FMCG and IT stocks supported the markets. Telecom stocks performed well with Idea gaining 7%. Crompton Greaves surged after winning a new order worth Rs. 1.15 billion. The trends were seen as sideways with support at 8520-8480 and resistance at 8590-8630.