Sensex, Nifty End Higher, Snap Three-Day Losing Run

Mumbai - Indian equity markets closed higher on Thursday, snapping a three-day losing streak, supported by positive global cues and easing geopolitical concerns that lifted investor sentiment.

Market confidence improved after US President Donald Trump indicated that tariffs on European Union nations would not be imposed on February 1. He also stated that a “framework for a future deal” had been reached with NATO regarding Greenland.

Additionally, Trump’s comments about a “great” trade deal between the US and India further boosted buying interest across domestic equities.

At the close of trading, the benchmark Sensex advanced 397.74 points, or 0.49 per cent, to settle at 82,307.37. The Nifty also ended in positive territory, gaining 132.4 points, or 0.53 per cent, to close at 25,289.9.

Market experts noted that as long as the Nifty holds above the 25,120 level, the broader structure remains stable, with potential for a gradual move towards the 25,400–25,500 zone. A decisive close above 25,600, however, would be required to confirm a bullish breakout and firmly shift momentum in favour of the bulls. Failure to defend the 25,120 support could revive downside pressure towards 25,100, analysts cautioned.

On the Sensex, buying interest was visible in heavyweight stocks such as Adani Ports, Bharat Electronics (BEL), State Bank of India (SBI) and Tata Steel, which led the gains. In contrast, Eternal, Titan, Maruti Suzuki and ICICI Bank ended the session lower.

Sectorally, the markets displayed broad-based strength, with all indices closing higher except Nifty Realty and Nifty Consumer Durables. Nifty PSU Bank and Nifty Media emerged as the top performers, rising over 2 per cent each.

The broader market also reflected positive momentum, as the Nifty Midcap 100 index climbed 1.34 per cent, while the Nifty Smallcap index advanced 0.76 per cent.

Commenting on the technical outlook, market participants said the Nifty remains range-bound with a cautiously positive bias, favouring a buy-on-dips strategy near support levels and profit booking near resistance until a clear directional breakout emerges.

With inputs from IANS