Snapping a four-day losing streak, Indian stock markets ended higher on Thursday, supported by buying in IT shares as the rupee traded positive against the US dollar.
Gains, however, remained modest as investors stayed cautious ahead of the RBI Monetary Policy Committee’s decision scheduled for Friday.
The Sensex closed at 85,265.32, up 158.5 points or 0.19 per cent. The Nifty also inched higher, finishing at 26,033, rising 47.75 points or 0.18 per cent.
“Technically, the 26,100–26,150 zone is expected to act as a crucial resistance, while support lies at 25,900–25,950,” they added.
“A fall below 26,000 may trigger a quick correction toward 25,950–25,900, as the hourly chart setup still appears weak,” market watchers noted.
Broader markets stayed subdued. The Nifty MidCap 100 index en

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