Market wrap: Reliance Industries, SBI, Power Grid among top gainers and losers on Nifty and Sensex on Thursday

The Indian stock market closed in the green on Thursday, but the newly-launched closing auction session (CAS) continued to create divergence in benchmark indices Sensex and Nifty.

Sensex jumped nearly 374 points to end at 78,955 on its expiry day, while Nifty 50 ended almost flat, gaining only 11 points to close at 24,636 on Thursday. Nifty Midcap 100 slipped into the red, falling more than 0.4%, while Nifty Smallcap 100 index closed around 0.5% higher.

Here are today’s top gainers on the Nifty

Here are top gainers on the Sensex

Here are top losers on the Nifty

Here are top losers on the Sensex

Technical outlook
Nifty 50 ended the session on a subdued note, continuing to trade with low momentum as the index remained confined within the 24,600–24,680 range for most of the day.

"The index remained range-bound throughout the day as participants stayed indecisive about the market's direction. On the higher side, the Nifty repeatedly faced resistance near the previous day's closing level, with buying momentum fading at higher levels,” Rupak De of LKP Securities said.

“On the downside, 24,600 acted as a crucial support throughout the session. In the near term, as long as the Nifty sustains above 24,600, it has the potential to move towards 24,800. A sustained breakout above 24,800 could trigger a fresh directional rally and strengthen the bullish momentum,” he added.

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