Mumbai, Oct 9
The domestic equity indices ended the session on a positive note on Thursday, amid value buying in IT, metal and PSU banks stocks.
Additionally, pharma sector stocks received significant support as the Donald Trump administration clarified that they plan not to impose tariffs on generic drug imports from overseas. The Nifty Pharma index soared 228 points or 1.05 per cent during the session.
Nifty ended the session at 25,181.80, up 135 points or 0.54 per cent.
"The market resumed its upward momentum after a brief pause in the previous session, with the Nifty index forming a bullish candle on the daily chart. It took support at its 21-day moving average, near the 25,000 mark, but once again encountered resistance around the 25,200 level," analysts said.
Rupee traded flat at 88.76, showing limited volatility since last week or so, as FII selling eased and crude prices remained range-bound.