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Sensex and Nifty Trade Higher as Oil, Banking Stocks Gain
Market breadth strengthens with banks and energy driving indices on positive domestic cues.
Indian markets advanced on Thursday, with the Sensex rising 440 points to 82,610 and the Nifty up 128 points to 25,315, driven by gains in oil marketing companies, banks, and consumer durables. Smallcaps outperformed, while metals slipped 0.4% amid global commodity volatility. Analysts highlighted strong domestic earnings, easing oil prices, and steady foreign inflows supporting market sentiment, though traders remained cautious ahead of U.S. inflation data and key macroeconomic announcements next week.