Ira Singh 
The Indian stock market extended its winning streak to a third consecutive session, ending on a positive note in a subdued trading day, supported by favorable cues like the Gaza ceasefire, softer-than- expected US CPI inflation, and declining dollar and bond yields, bolstering rate-cut expectations from the Federal Reserve.
At close, the Sensex was up 318.74 points or 0.42 percent at 77,042.82, and the Nifty was up 98.60 points or 0.42 percent at 23,311.80.
HDFC Life, Shriram Finance, SBI Life Insurance, Bharat Electronics, Adani Ports were the top gainers on the Nifty, while losers included Trent, Tata Consumer, Dr Reddy's Labs, HCL Tech, Wipro.
On the sectoral front, except Consumer Durables, IT, FMCG, pharma, all other sectoral indices ended in the green with metal, media, oil & gas, PSU bank, realty, auto up 0.5-2.5 percent.BSE Midcap index was up 1 percent and Smallcap indices rose 1.4 percent, according to information.
Rupee Close:
On 16 Jan'25,the Indian rupee depreciated 16 paise to close at 86.56 against the U.S. dollar on Thursday,dragged down by a strong American currency overseas, elevated crude oil prices and foreign fund outflows.However, positive domestic equity markets provided some cushion at the lower level, forex traders reportedly stated.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying, benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve. Additionally, favourable developments in the Israel-Hamas ceasefire and a reduced trade deficit further boosted the market's upward movement.However, weak economic growth data from the UK dampened some of this optimism. Despite higher valuations compared to leading indices, the broader market saw bargain buying during the recent correction.
Market experts have recommended four intraday stocks to buy -Bank of Maharashtra, NBCC, Rattanindia, and Punjab & Sind Bank.
(Business Correspondent)
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