New Delhi, Jan. 31 -- Nifty and Bank Nifty analysis

On Thursday, the market opened with a gap-up, with bulls dominating the session throughout the day. Nifty closed up by 86.40 points at 23,249 (+0.37%), while Bank Nifty closed 146 points higher at 49,311 (+0.30%).

Major sell-offs were observed in auto (-0.40%), IT (-1.1%), and Media (-1.20%). The top-performing sectors included defence (+2.3%), PSE (+1.9%), and Realty (+1.8%).

The top performers in Nifty 50 were Bharat Electronics (+4.3%), Power Grid Corp. (+2.6%), Hero Motocorp (+2.61%), and Bharti Airtel (+2.5%).

On the other hand, the top losers in the market were Tata Motors (-7.40%), Adani Enterprises (-2.9%), and Shriram Finance (-2.8%).

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