Sensex climbs over 100 points, Nifty holds above 25,800; private banks surge

Indian shares moved higher on Thursday, with both the Sensex and Nifty breaking a three-day losing streak after the U.S. Federal Reserve announced its much-awaited 25-basis-point rate cut — a decision investors believe may help ease foreign capital outflows. The frontline indices witnessed sharp volatility throughout the session, oscillating between gains and declines after opening on a flat note with a slight downward tilt. Most sectors are trading with a positive undertone, reflecting broad-based momentum across automobiles, banking, metals, IT, and real estate. Only a handful of pockets — mainly FMCG and media — are showing mild softness. Overall market sentiment remains upbeat, supported by strong buying interest and only limited instances of light profit-booking. On Wednesday, domestic markets closed in the red, with the Sensex and Nifty giving up intraday gains as participants booked profits ahead of the U.S. Fed policy announcement. The S&P BSE Sensex declined 275 points, or 0.32%, to finish at 84,391.27, while the NSE Nifty 50 dropped 82 points, or 0.32%, settling at 25,758. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.