The Sensex and reversed early losses to end higher on Thursday, with IT stocks such as Tech Mahindra Ltd and Tata Consultancy Services Ltd contributing to majority of the gains.
The broader NSE index closed 9.35 points or 0.11 per cent higher at 8,778.40, while the benchmark BSE index also gained 39.78 points or 0.14 per cent to close at 28,329.70. Both indexes had fallen as much as 0.5 per cent earlier in the session.The NSE index posted two consecutive sessions of
gains, while the BSE index snapped two straight days of losses.

Among BSE sectoral indices, IT index gained the most by 1.64 per cent, followed by TECk 1.62 per cent, consumer durables and realty 0.8 per cent each. On the other hand, metal index was down 0.73 per cent, banking 0.47 per cent, PSU 0.36 per cent and capital goods 0.29 per cent.

Top five Sensex gainers were TCS (+2.72%), Hero MotoCorp (+1.34%), Infosys (+1.24%), GAIL (+1.23%) and M&M (+1.06%), while the major losers were Cipla (-2.65%), Tata Steel (-2.29%), NTPC (-2.09%), L&T (-0.91%) and Sun Pharma (-0.84%). RBI policy stance Bank stocks were down after the central bank kept its policy rates on hold and said it would shift its stance from “accommodative” to neutral, signaling an end to any further rate cuts.

Analysts had expected the Reserve Bank of India to cut the repo rate by another 25 basis points, either on Wednesday or at its next review in April, after bringing it down by 175 bps during January 2015 to October last year.

MARKET MEASURE
EXCHANGE ADVANCE DECLINE UNCHG. T/O
NSE 701 772 57 23427.82

CHART ANALYSIS
SCRIP R2 R1 PIVOT S1 S2
NIFTY 50 8910 8865 8795 8740 8680