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The Nifty 50 advanced 116.35 points, or 0.51%, to settle at 23,053.10, while the BSE Sensex climbed 308.49 points, or 0.42%, to close at 74,459.53. Broader markets, however, remained under pressure, with the Nifty Midcap 100 and Nifty Smallcap 250 indices declining by up to 2%, indicating sustained selling in the broader market. On the sectoral front, Nifty IT rallied over 2% to lead gains among the sectoral indices as a sharp drop in global tech giants, including Alphabet and Intel’s share price, following their earnings, boosted the anti-AI sentiment. Nifty Pharma gained 1.55%. Meanwhile, Nifty Consumer Durables plunged nearly 2%. Market breadth on the NSE also remained negative. Of the 3,633 stocks traded, 1,013 closed higher, while 2,511 ended in the red and 109 remained unchanged. ALSO READ: ET Wealth Expo: US stocks epitomise anti-asset allocation; international debt better option: S Naren, ICICI Prudential MF Here are today’s top gainers on the Nifty After a few sessions of consolidation, Nifty witnessed a breakout on Thursday, closing above the crucial 22,800 level and decisively reclaiming its 20-DMA, according to Nifty from Vatsal Bhuva, Technical Analyst at LKP Securities. The RSI has also entered a bullish crossover, indicating improving momentum. On the 3-hour chart, a symmetrical triangle pattern is developing, with a breakout above 23,250 required for confirmation. "The short-term outlook remains positive as long as the index sustains above 22,800. Traders can consider booking partial profits near 23,250 while holding the remaining long positions with a trailing stop-loss of 22,950," said Bhuva. Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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