Mumbai, May 2
The Indian equity indices ended the final trading session of the week with gains on Friday after witnessing a bout of volatility.
The Sensex, after touching an intra-day high of 81,177.93, closed at 80,501.99, up by 259.75 points or 0.32 per cent.
Meanwhile, the Nifty rose 12.50 points or 0.05 per cent to settle at 24,346.70, after moving between 24,238.50 and 24,589.15 during the session.
Among the top gainers on the Nifty were Adani Ports, IndusInd Bank, Bajaj Finance, SBI, Maruti Suzuki India, and Tata Steel. On the other hand, major losers included JSW Steel, Eicher Motors, Bajaj Auto, Hero MotoCorp, HDFC Life, and Nestle.
Going forward, support is placed at 24,250 and a fall below this level might trigger a correction toward 24,000.
“Additionally, the index may remain range-bound within the 24,000–24,550 band. Only a decisive breakout above 24,550 may lead to a decent rally in the index," said Rupak De of LKP Securities.