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NIFTY

* Nifty traded volatile but managed to end with gains of over half a percent, taking a breather after the recent decline.

* The first half of the session was a roller-coaster ride, with the Nifty swinging sharply on both sides.

* However, buying interest in select heavyweight stocks kept the tone positive and helped the index close at 24,813.45 level.

* All major sectors moved in tandem with the benchmark trend, with realty, pharma, and financials emerging as the top gainers.

BANK NIFTY

* The banking index remained largely muted, witnessing profit booking during the early hours before closing with gains of 0.36%.

* Stock-specific action was mixed, with Bank of Baroda and Federal Bank leading the gainers, while IndusInd Bank and Kotak Mahindra Bank ended in the red.

* Bank Nifty has re-entered its previous trading range, indicating a phase of consolidation.

* A breakout above its resistance of 55800 is needed to resume the uptrend, while a drop below the support of 54500, which aligns with 20 EMA, could deteriorate the trend.

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