On Thursday, the domestic benchmark equity indices, Sensex and Nifty 50, ended the session in the green after navigating through a day marked by volatility. The market saw strong performances from metal, real estate, and banking stocks, despite the absence of robust global indicators to guide sentiment.

The 30-share BSE Sensex finished the day higher by 141.34 points or 0.18%, closing at 77,478.93. Meanwhile, the Nifty 50 closed at 23,567.00, gaining 51.00 points or 0.22%. These gains came after a period of market turbulence, reflecting a resilient sentiment among investors.

On the broader market front, the Nifty Midcap 100 closed 0.95% higher, and the Nifty SmallCap 100 ended up 0.61%, both outperforming the benchmark indices. This performance underscores the strong interest in mid-cap and small-cap stocks, which have been attracting significant trading activity. Furthermore, the India VIX, which measures market volatility, closed 2.68% lower, indicating a reduction in investor fear and uncertainty.

Tracking global cues, European markets opened higher, reflecting cautious optimism among investors. In London, the FTSE 100 rose 0.2% to 8,218.75 as investors awaited the Bank of England's policy rate announcement later in the day. The central bank was anticipated to maintain its main interest rate at a 16-year high of 5.25%, despite recent data showing that British inflation had fallen below the central bank's 2% target in May for the first time in over three years.

Elsewhere in Europe, Germany's DAX jumped 0.6% to 18,180.98, while France's CAC 40 increased by 0.6% to 7,612.35. These gains highlight the positive sentiment across major European markets.

Asian markets displayed mixed performance on Thursday. Tokyo's Nikkei 225 index rose 0.2% to 38,633.02, while Hong Kong's Hang Seng fell 0.5% to 18,335.32. The Hang Seng Technology Index, in particular, fell 1.7% after a strong performance the previous day. Meanwhile, the Shanghai Composite index dropped 0.4%, closing at 3,005.44.

In the Nifty 50 index, 28 stocks ended in the green, while 21 closed in red, and one remained unchanged. The top gainers included Hindalco Industries Ltd (up 2.34%), Grasim Industries Ltd (up 2.20%), JSW Steel Ltd (up 1.86%), Bharat Petroleum Corporation Ltd (up 1.82%), and Adani Ports and Special Economic Zone Ltd (up 1.54%). Conversely, the top laggards were Hero MotoCorp Ltd (down 2.40%), Mahindra & Mahindra Ltd (down 2.04%), Sun Pharmaceutical Industries Ltd (down 1.80%), HDFC Life Insurance Ltd (down 1.04%), and NTPC Ltd (down 1.03%).

On the sectoral front, Nifty Metal, Realty, Private Banks, Banks, Financial Services, Oil & Gas, and Consumer Durables ended in the green. However, Nifty Auto, PSU Bank, and Pharma ended in the red, while Nifty IT and FMCG indices closed flat.

Key Takeaways:

1. The Sensex and Nifty 50 closed higher despite market volatility, led by gains in metal and real estate stocks.
2. The Nifty Midcap 100 and Nifty SmallCap 100 outperformed the benchmark indices, showing strong interest in mid-cap and small-cap stocks.
3. The India VIX index dropped 2.68%, indicating reduced market fear and uncertainty.

The resilience shown by the Sensex and Nifty 50 amid volatility reflects a robust market sentiment, supported by strong performances in key sectors like metals and real estate. As global cues continue to influence domestic markets, investors remain cautious yet optimistic about future trends. The shift towards mid-cap and small-cap stocks suggests a diversified investment approach, aimed at capitalizing on growth opportunities beyond the major indices.

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