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 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%.
