FINAL TRADE: Equity indices snap 6 sessions of losses; Nifty reclaims 25,000, Sensex adds 585 pts

Indian equities after a weak opening amid mostly weak Asian markets shed their losses to soon trade in the green. At the close, indices maintained their mojo on the back of broad-based buying.

Nifty at the close ended above 25,000 levels at 25,013.15, up 0.9 per cent or 217.4 points, while Sensex ended 0.72 per cent or 584.81 points higher at 81,634.81

Sectorally, except for the Nifty Metal pack which saw sharp losses in the early trade, all other indices witnessed strong buying action.

From the Nifty50 pack, top gainers included stocks like Trent, Bharat Electronics, Adani Ports, Adani Enterprises and M&M, while losers included stock such as SBI Life Insurance, Tata Steel, Titan, Bajaj Finserv and JSW Steel.

Vinod Nair, Head of Research, Geojit Financial Services on the markets performance today said, "After sessions of corrections, India is getting some support at the level of 25,800 for Nifty50. Good state election result for the ruling party, contrary to the exit polls, has brought some optimism in the domestic market. RBI policy outcome, though no cut is expected, a plausible change in stance to neutral is anticipated. And investors are likely to focus on the upcoming Q2 results where earnings are likely to improve marginally on a QoQ basis."

Meanwhile, European markets continued to show weakness as miners as well as luxury stocks nosedived with no fresh data over China's stimulus.

The domestic unit rupee traded in a range near 83.96, up by 0.0350rs, with minimal support from the dollar but bolstered by positive momentum in Indian markets. Gains were primarily driven by favorable state election results in Haryana, which strengthened the current government's position.