Sensex ends 321 points higher, Nifty above 24,800; IndusInd Bank up over 2%
Benchmark indices managed to end higher on Thursday, buoyed by a late-session rally that helped offset earlier volatility. The BSE Sensex climbed 320.70 points to close at 81,633.02, while the NSE Nifty50 advanced 81.15 points to settle at 24,833.60.All the broad market indices also ended in the green, with volatility cooling sharply during the session. Sectorally, Metal, Pharma, and IT stocks led the gains.Vinod Nair, Head of Research at Geojit Financial Services, said global cues played a supportive role. 'Global sentiment improved after a U.S. court struck down Trump's reciprocal tax policy. However, the domestic market remained mostly rangebound during the day due to rising oil prices and higher U.S. 10-year bond yields,' he noted.'Some recovery was seen toward the end of the session, driven by F&O expiry-led covering. Export-focused sectors like IT and Pharma performed well, supported by hopes of easing trade tensions. Lack of positive domestic triggers and a drop in industrial output to an eight-month low could lead to short-term market consolidation,' he added.Aditya Gaggar, Director at Progressive Shares, said that after a strong start, the Nifty gave up its gains mid-session and traded in a narrow range. 'A sudden surge in the final hour lifted the index to end the monthly expiry on a positive note,' he said.Metal and Realty were among the top-performing sectors, while PSU Banking and FMCG stocks came under mild pressure. Midcap and Smallcap indices extended their recent outperformance, ending up 0.55% and 0.59%, respectively.Technically, Gaggar said the index remains wedged between key levels. 'Nifty continues to face resistance at 24,960 and support at 24,730. A breakout on either side will be crucial in determining the next trend.'Rupak De, Senior Technical Analyst at LKP Securities, described the expiry day trade as volatile with limited directional strength. 'The RSI remains in a downward trajectory, indicating weakness,' he said.He pegged 24,670 as a critical support. 'A break below this could lead to a sharper correction, dragging the Nifty towards 24,400 or even 24,300. However, if the index manages to hold above 24,670, a swift rebound toward 25,000–25,150 is possible in the near term,' he added.
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