Benchmark indices NSE Nifty 50 and BSE Sensex ended Thursday’s session in the green, with gains led by Realty and PSU Banks. The NSE Nifty 50, a key indicator of the Indian stock market, demonstrated impressive resilience by surging 144.10 points or 0.76% higher, settling at Rs 19,133.25. Meanwhile, the BSE Sensex gained 489.57 points or 0.77%, closing at Rs 64,080.90. The Nifty Bank gained 316.25 points or 0.74%, closing at 43,017.20.
The benchmark indices closed in the green as a pause, coupled with dovish commentary from the Fed, triggered a rebound in global and domestic market. Among the various sectoral indices, realty stocks, up by more than 2.5%, led the gains, followed by PSU Banks, Metals, Financial Services, and Oil & Gas, which posted gains over 1%.
The top gainers in the Nifty 50 index were Britannia Industries, Hindalco, IndusInd Bank, Apollo Hospital, and Eicher Motors, while the top losers of the day were Hero MotoCorp, Bajaj Auto, HDFC Life Insurance, ONGC, and Adani Enterprises.
“The Nifty index has formed a doji candle on the daily chart, reflecting a state of indecision as a battle between the bulls and the bears unfolds. Downside support is apparent in the 19,000-18,900 range, with visible fresh put writing for the upcoming weekly expiry. Immediate resistance is situated at the 19,200 level, and a breakthrough at this point could trigger fresh short covering, potentially propelling the index towards 19,300-19,350.” says, Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
The India Volatility Index (Vix) ended down by 8.07%.
