Buy or sell stocks, Dec. 5 -- The key benchmark indices of the Indian stock market witnessed a volatile trading session on Thursday. After a roller coaster activity, the Nifty 50 index ended 47 points higher at 26,033, while the Sensex went up by 158 points and closed at 85,265. However, the Bank Nifty index went off 59 points and closed at 59,288.

Among sectors, the IT index gained the most, rallying 1.30%, whereas the Media index was the top loser, shedding over 1.55%. Technically, after an early morning bounce-back, the market witnessed profit booking at higher levels. However, it managed to close above the 26,000/85000 mark, which is a mainly positive development.

Vaishali Parekh, Vice President of Technical Research at Prabhudas Li...