FINAL TRADE: Nifty ends near 25,050, Sensex adds 362 points, Divis Labs ends 5% higher

Final trade (September 10): Indian equities after starting Tuesday's trade on a positive note got a boost amid strong buying action in IT and media stocks. Nifty at the close traded firm by 0.42 per cent or 104.7 points at 25,041.1, while the Sensex settled  with gains of 0.44 per cent or 361.75 points at 81,921.29 points.

IT stocks received a push amid hopes of recovery in IT spending in several verticals, including BFSI. All, the 10 constituent stocks of the Nifty IT index traded with gains between 1-5 per cent.

The brokerage firm Motilal Oswal is bullish on the prospect of the IT pack and sees consistent recovery after several quarters of prolonged weakness in the space.

Sectorally, financial services. oil & gas and PSU Bank stocks were trading in the red.

From the Nifty pack, top gainers included stocks like Divi's Labs, LTIMindtree, Bharti Airtel, Wipro and HCL Technologies, while the laggards were HDFC Life, SBI Life, Bajaj twins and Shriram Finance.

Vinod Nair, Head of Research, Geojit Financial Services said, "The domestic market showcased a gradual rebound driven by the shift in focus towards upcoming US inflation and potential FED policy stance. The US political risk and recession fears may set near-term cautious sentiments in the global market. On the domestic front, a strong monsoon, and an expectation of an uptick in demand during festival season will drive investor sentiment."

Meanwhile, European stocks traded mixed with the French CAC index up. Rupak De, Senior Technical Analyst at LKP Securities said that Nifty hints at a correction for the near term as the Nifty's RSI remained in a bearish crossover on the daily timeframe, indicating continued weakness.