The markets surged higher in the late trade on Thursday. The Nifty 50 closed the session 81 points or 0.33% higher at 24,834, the Sensex rose 321 points or 0.39% to settle at 81,633.
In line with the overall market sentiments, the Nifty Bank rose 129 points or 0.23% to end at 55,546.
The BSE midcap surged 218 points or 0.48% to 45,311.54; on the other hand, the BSE Smallcap surged 203 points or 0.39% to 52,325.75.
“Nifty witnessed a volatile session on the day of the monthly expiry. The momentum continues to remain weak, with the RSI still pointing downward. The next crucial support is at 24,670. If the index falls below this level, a sharp correction may occur, potentially dragging the index down to 24,400/ 24,300. On the other hand, if Nifty holds above 24,670, it could witness a smart recovery towards 25,000 or 25,150 in the short term,” said Rupak De, Senior Technical Analyst at LKP Securities.
3 big highlights from today’s market action-
Indices in intraday trade
The indices closed Thursday’s session on a positive note. During the session, the Nifty 50 rose as much as 24,892.60, while the 30-stock index, Sensex, surged 24,677.30.
Top gainers
IndusInd Bank was the top gainer in the Nifty 50 in Thursday’s session, closing 2.47% higher. It was followed by Sun Pharma, Zomato, Adani Ports and SEZ, and Trent.
Top losers
Meanwhile, the shares of HDFC Life Insurance were the biggest losers in today’s trade. It was followed by BEL, Tata Consumer Products, Jio Financial Services, Bajaj Finance, and many others.