Indian markets ended slightly higher as IT stocks gained ahead of the RBI policy decision. Mixed global cues, a weak rupee and FII outflows capped gains, while analysts warned of resistance near 26,150 and possible volatility on Friday.

Ahead of Market: 10 things that will decide stock market action on Friday

Indian Markets End Slightly Higher Ahead of RBI Policy Decision

The Indian market closed higher on Thursday, snapping a four-session losing run, lifted by IT shares ahead of the Reserve Bank of India's policy decision on Friday.

Sensex and Nifty Gain, But Analysts Warn of Resistance

The S&P BSE Sensex rose 158 points, or 0.19%, to close at 85,265.32.
The NSE Nifty 50 advanced 48 points, or 0.18%, to finish at 26,033.75.

Analysts warned of resistance near 26,150 and possible volatility on Friday, as the market may remain choppy within a narrow range until the lending rate announcement.

Global Markets Move Cautiously

US markets fluctuated between small gains and losses on Thursday as investors analyzed a fresh round of labor market data.
European shares inched up on Thursday with industrials and automakers leading broader gains.

Stock Market Highlights

Most active stocks in terms of turnover: InterGlobe, Hindustan Copper, Infosys, RIL, TCS, HDFC Bank, and Kaynes Technology.
Most active stocks in volume terms: Vodafone Idea, YES Bank, Ola Electric Mobility, Suzlon Energy, Hindustan Copper, JP Power, and Eternal.
Stocks showing buying interest: India Cements, Hindustan Copper, Vijaya Diagnostic, Kirloskar Oil, Caplin Point, Petronet LNG, and Hexaware Technologies.

Market Sentiment

The market sentiments were bearish, with 2,314 stocks witnessing declines and 1,807 stocks seeing advances.
Over 80 stocks hit their 52 week highs today, while 261 stocks slipped to their 52-week lows.