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Mumbai, India's equity indices continued on their northward trajectory during the mid-afternoon trade session on Thursday. Accordingly, buying <keyword id="90082" type="COMPANY" weightage="20" keywordseo="momentum">momentum</keyword> was triggered after the market opened on a flat note due to <keyword id="47904" type="PERSON" weightage="20" keywordseo="profit-booking">profit booking</keyword>. Amongst sectoral indices, <keyword id="6369970" type="COMPANY" weightage="20" keywordseo="psu-banks">PSU Banks</keyword>, Metal, FMCG and Auto indices were the major gainers. Market Breadth also remained strongly in favour of advancing counters for fourth consecutive session. Consequently, <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> traded at 50,557.02, higher by 301.27 points or 0.60 per cent from its previous close of 50,255.75. The Nifty50 or the <keyword id="53581" type="COMPANY" weightage="20" keywordseo="NATIONAL-STOCK-EXCHANGE">National Stock Exchange</keyword> was trading at 14,875.10, higher by 85.15 points or 0.58 per cent from its previous close. "Nifty index opened flattish and some profit booking decline could be seen in the initial hour. But the bulls took the intraday dip as a buying opportunity and pulled the index above 14850 levels," said Jay Purohit, Technical &amp; Derivatives Analyst, MOFSL. "Bank Nifty opened gap down and consolidated in a range in the initial hour of trades. But traders continued their buying momentum of the last three sessions and as a result, BankNifty registered a new all-time high of 35062 levels." According to Gaurav Garg, Head Research, CapitalVia Global Research: "Market opened on a flatter note and we have observed a lacklustre movement in the market as it moves towards the 15000 mark." "Asian markets came under pressure on Thursday due to mixed US session and investors' panic regarding the chaos driven by Game Stop." SEE ALSO: <a href="https://www.businessinsider.in/business/news/reliance-subsidiary-to-sell-all-of-its-upstream-assets-in-marcellus-shale-play-for-250-million/articleshow/80682497.cms" data-type="tilCustomLink">Reliance subsidiary to sell all of its upstream assets in Marcellus shale play for $250 million</a> <a href="https://www.businessinsider.in/business/corporates/news/kishore-biyani-says-sebi-ban-wont-stop-future-group-deal-with-reliance/articleshow/80680781.cms" data-type="tilCustomLink">Kishore Biyani says SEBI ban won't stop Future Group's deal with Reliance</a>

Sensex ends above 50,600-mark for the first time, Nifty nears 15,000 — Banking and auto stocks steer markets

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Sensex ends above 50,600-mark for the first time, Nifty nears 15,000 — Banking and auto stocks steer markets

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