Snapping three-day losing streak, Indian equity benchmark -- Nifty ended higher on Thursday amid easing geopolitical jitters. Index made a gap-up start following firm cues from other Asian markets, as US President Donald Trump called off imposing tariffs on eight European countries over Greenland and ruled out using military force to take control of the territory. Meanwhile, traders took some support with Union minister Ashwini Vaishnaw’s statement that India will keep growing by 6-8 per cent in real terms and 10-13 per cent in nominal terms over the next five years, supported by moderate inflation and strong growth. However, in late morning session, market trimmed most of its gains but continued to trade in green terrain. In dying hour of the trade, index re-gained some traction and ended near 25,300 mark.
Most of the sectorial indices ended in green except Consumer Durables and Realty stocks. The top gainers from the F&O segment were Waaree Energies, Indian Bank and Sona BLW Precision Forgings. On the other hand, the top losers were IIFL Finance, PNB Housing Finance and Hindustan Zinc. In the index option segment, maximum OI continues to be seen in the 25900 - 26100 calls and 24900 - 25100 puts indicating this is the trading range expectation.
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