Sensex records muted gains on expiry day, Nifty above 24,200. What lies ahead?

Indian equities opened marginally higher on Thursday ahead of expiry-day volatility, with Sensex and Nifty gaining around 10 and 11 points, respectively. India VIX rose 3% to 10.84. Kotak Mahindra Bank led gains, while HCL Technologies and HDFC Bank declined.…