Sensex, Nifty end in green as PSU banks and realty stocks gain

Indian equities rise as PSU banks outperform, IT sector drags. Representational Pic

Indian benchmark indices ended Thursday's session in positive territory after witnessing stronger buying towards the end of the trading day.

The Sensex climbed 254.36 points, or 0.33 per cent, to close at 77,409.98. The Nifty also gained 82.30 points, or 0.34 per cent, ending the session at 24,168.00.

Improved market sentiment in the second half of the session helped indices recover and finish higher.

Key stocks that gained

Among Nifty companies, Adani Enterprises, InterGlobe Aviation and Max Healthcare Institute were among the biggest gainers.

In the Sensex pack, Adani Ports, InterGlobe Aviation, Trent, NTPC, Bharat Electronics Limited, HDFC Bank and State Bank of India contributed to the market's gains.

PSU banks, healthcare and realty stocks support gains

Buying interest was seen across several sectors, with public sector banks, healthcare, metals and real estate stocks leading the recovery, reported IANS.

The Nifty Healthcare index was among the top performers, rising 0.98 per cent. The Nifty PSU Bank, Nifty Realty and Nifty Consumer Durables indices also outperformed the broader market.

In the broader market, the Nifty MidCap index gained 0.41 per cent, while the Nifty SmallCap index rose 0.44 per cent. Going ahead, market participants are expected to closely watch developments around US-Iran talks, crude oil prices and foreign fund movements, which could influence market direction.

IT sector remains under pressure

Despite the overall positive market trend, information technology stocks continued to face selling pressure.

The Nifty IT index declined 1.19 per cent, making it the weakest-performing sector during the session and limiting the market's upward movement.

Nifty outlook: 24,200 remains key level

Market analysts said the Nifty's immediate resistance level is around 24,200. A sustained move above this level could strengthen positive momentum and push the index towards the 24,400 zone, reported the news agency.

On the downside, the 24,000 mark is seen as a crucial support level. A fall below this level could lead to fresh profit booking and drag the index towards the 23,900 region, as per the news agency.

Rupee strengthens for fifth straight session

The Indian rupee continued its positive trend, gaining around 16 paise to trade at 94.32 against the dollar. Analysts said the rupee remains supported in the near term, with the expected trading range between 94.00 and 94.75.

(With IANS Inputs)