In a volatile trading session on November 27, the Sensex and Nifty indices closed with modest gains, driven by a rebound in Adani stocks and activity in the auto sector, particularly led by Ola.

The Sensex rose by 230.02 points, or 0.29 percent, finishing at 80,234.08, while the Nifty increased by 82.20 points, or 0.34 percent, to close at 24,276.70.

Market breadth was positive, with 2,470 shares advancing against 1,302 declining, and 105 remaining unchanged. Key laggards included Titan Company, Apollo Hospitals, Shriram Finance, Wipro, and Hindalco.

Analysts observed a significant recovery in Adani Group stocks, which surged by as much as 12 percent during the session. A technical research expert at Motilal Oswal suggested that recent market movements indicate a potential shift, with foreign institutional investors (FIIs) potentially becoming net buyers. The expert also highlighted that technical indicators show the market has been in oversold territory, presenting a favorable opportunity for investors to gradually enter the market.