Nifty moved in a narrow range of 85 points throughout the session and formed a Doji candle on the daily chart, suggesting indecisiveness among traders. Analysts said the index may move sideways in the week ahead.
The main equity indices ended with strong gains on Thursday amid positive global cues. The Nifty closed near the 15,750 level. Barring the Nifty Auto index, all sectoral indices on the NSE ended in green.
The barometer index, the S&P BSE Sensex, rose 358.83 points or 0.69% at 52,300.47. The Nifty 50 index gained 102.40 points or 0.65% at 15,737.75.
Bajaj Finance (up 7.29%), Bajaj Finserv (up 3.75%), State Bank of India (up 2.56%) and Infosys (up 0.7%) boosted the indices.
In the broader market, the BSE Mid-Cap index rose 1.26% and the BSE Small-Cap index gained 1.73%. Both these indices outperformed the Sensex.
Buyers outpaced sellers. On the BSE, 2,390 shares rose and 749 shares fell. A total of 152 shares were unchanged.