Stock Market Today: Sensex Gains 628 Points, Nifty Ends Seven-Session Losing Streak

Benchmark equity indices snapped their losing streaks on Thursday, with the Nifty ending a seven-session decline and the Sensex reversing a four-day fall, supported by gains across realty, private banking and IT stocks.

The Sensex climbed 628.04 points, or 0.82 per cent, to close at 77,537.72, while the Nifty gained 153.55 points, or 0.64 per cent, to settle at 24,231.85.

Among Nifty constituents, Eternal, Kotak Mahindra Bank and Bajaj Finance were the top gainers, providing a strong boost to the benchmarks.

The Nifty Realty index led the sectoral recovery, rising nearly 2 per cent. Private banking and IT stocks attracted buying interest.

Nifty PSU Bank and Nifty Metal recorded the least gains among major sectoral indices.

Market sentiment improved as investors bought beaten-down stocks following the recent correction, helping the benchmarks recover some of their lost ground.

Experts said immediate support for the Nifty in the next session is placed at 24,100, followed by 24,000, while resistance is seen at 24,300 and 24,575.

“The preferred strategy remains to buy on dips in the 24,100-24,000 zone with a stop-loss below 24,000. The unfilled gap between 23,890 and 23,820 remains relevant only if the index decisively breaks below the 24,000 support,” a market expert stated.

The near-term outlook will likely depend on global yields, energy prices and geopolitical developments, with sustained stability important for earnings momentum and foreign inflows.

For Bank Nifty, a sustained breakout above 57,700-57,800 could strengthen buying momentum towards 58,000.

On the downside, 57,200-57,000 remains the stronger support zone, with a break below 57,000 potentially weakening the near-term outlook and triggering fresh selling.

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