Sensex and Nifty 50 managed small gains on Thursday in range-bound trading after U.S. Federal Reserve minutes hinted at a possible interest rate cut next month.

At close, the Sensex rose 147.89 points (0.18%) to 81,053.19, while the Nifty gained 41.30 points (0.17%) to 24,811.50.

IndiGo surged 4% after positive broker upgrades, while NBFCs like M&M Finance and Piramal Enterprises saw strong buying interest. Cement stocks also rose by 3%, according to reports of a potential price hike.

TVS Motor’s stock climbed 3% to a record high after launching its new Jupiter scooter, while Trent also hit a record high, gaining 3% today.

Zomato ended flat despite acquiring Paytm’s entertainment ticketing business for Rs 2,048 crore. Meanwhile, city gas companies MGL and IGL fell 2% under pressure.

Grasim Industries, Tata Consumer Products, Tata Steel, Bharti Airtel, and Apollo Hospitals were some of the top Nifty gainers; losers included Tata Motors, Dr Reddy’s Labs, NTPC, Wipro, and M&M.

The Nifty Energy index fell 1%, and sectors like pharma, oil & gas, auto, and IT ended slightly lower. Conversely, bank, FMCG, metal, realty, and telecom indexes rose by 0.5-1.4%. The Nifty IT index reached a new high of 41,834 but ended slightly down at 41,506.20.

Over 330 stocks hit 52-week highs on the BSE, including Abbott India, Alembic, Ashok Leyland, Bhansali Engineering, Colgate Palmolive, Coromandel International, Fino Payments, and Gillette India.

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