Buy or sell stocks, March 6 -- Following strong global cues, the key benchmark indices of the Indian stock market bounced back strongly on Thursday. The Nifty 50 index shot up 285 points and closed at 24,765, the BSE Sensex surged 899 points and ended at 80,015, and the Bank Nifty index gained 300 points and finished at 59,055.

Among sectors, the Capital Market, Defence, and Metal indices gained over 2%, while intraday profit booking in IT stocks led the IT index to close in the negative territory.

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market undertone is cautious to positive. The Prabhudas Lilladher expert believes the Nifty 50 index would need to settle below the 25,300...